Ministry: (Pakistan’s economic fundamentals remain strong: Ministry of Finance)

Islamabad

ISLAMABAD: The Ministry of Finance has said that despite challenges, Pakistan’s economic fundamentals remain strong as depicted by different growth indicators.

The Spokesman of Finance Division in a statement on Sunday rejected the news item in a section of media that Pakistan’s macroeconomic conditions have significantly worsened.

He said the news item ignored the positive side of World Bank’s assessment which suggests that Pakistan has made good progress in making its economy more stable.

The spokesman said the services sector would grow due to healthy contribution from its sub-sectors whereas industrial sector will continue to grow due to improved power supplies and China Pakistan Economic Corridor.

The Spokesman said the government is aware of the challenges and firmly committed to maintaining macroeconomic stability while achieving pro-poor inclusive higher economic growth of seven percent in the medium term.