ISLAMABAD
Advisor to Prime Minister on Finance, Hafeez Shaikh, on Monday expressed full confidence in the Pakistan Stock Exchange (PSX), calling it one of the best stock markets across the globe.
Addressing Pakistan Innovative Finance Forum, organized by the Asian Development Bank in Islamabad, Dr Hafeez Shaikh said international confidence was being restored in the Pakistani economy. “The economy of the country has been put in the right direction introducing effective reforms” he said.
He said that the PTI government is fully committed to good governance, transparency and restoring financial discipline to ensure ease of doing business in the country. He went on to explain that the PSX has been expanding its volume, and investors are gaining back their confidence due to the positive policies of the present government.
The advisor said 16 percent improvement has been witnessed in revenue, while non-tax revenue has been doubled due to the business-friendly policies of the government. He said subsidies are being provided to electricity, gas and loans, while there is no tax on export.
The advisor said that the government has established a sustainable platform for economic development. He said that foreign direct investment and exports of the country have considerably increased. He ended on a hopeful note, saying that investment in Pakistani Bonds has reached one billion dollars. He hoped that the country will surpass its economic growth target.
