Finance Minister Muhammad Aurangzeb asserted on Tuesday that the morale of the foreign investors was getting high.
Addressing the seminar via video link in Lahore, Aurangzeb said: “The foreign investment in the country is witnessing an increase. The police rate is getting decreased with the efforts put by the government.”
“The inflation rate has also witnessed a drop due to the measures taken by the incumbent government,” he added.
Highlighting the role of the private sector, Aurangzeb said: “The private sector is capable enough to provide impetus to a country's economy.”
“The phase-II of the China-Pakistan Economic Corridor (CPEC) is about to start,” he said.
Aurangzeb said: “The strong foundation has been laid to stabilize the country’s economy.”
He hoped that the International Monetary Fund (IMF) would approve the new program.
– PM Shehbaz believes in bringing investment instead of aid: Aurangzeb –
Few days back, Aurangzeb said that Prime Minister Shehbaz Sharif has a belief in bringing investment in the country rather than looking to bag aid.
Expressing his thoughts, the financial czar stated: "The government is putting out all-out efforts to ensure the investment from the Saudi Arabian government." Aurangzeb commended the efforts of his government, saying, "The government is putting sincere efforts to put the country's economy back on track."
He made it clear that the International Monetary Fund (IMF) has to perform functions according to its own way. It is expected to hold talks with the Saudi government over the loan rollover soon.
"China has not refused to rollover the loan of Pakistan," said Aurangzeb.
