National economy will grow by more than 4 percent in current FY: FM

BANGKOK
Finance minister Muhammad Aurangzeb has said national economy will grow over 4 percent during the current fiscal year and government has target to obtain more than one billion dollars from 5 to 6 state institutions.
In an interview to a foreign TV he said national economy is treading on the path to development despite regional and global situation. Agriculture sector is showing better performance.
Talks are underway between Pakistan and US regarding 10 billion dollars exchange stabilization fund. If this facility is provided then it will prove very helpful for Pakistan.
However access to international markets will not be affected in case we don’t succeed in getting this facility.
According to FM the pace for acquiring financial assistance of 1billion 21 crore dollars by Pakistan has been paved following agreement with IMF.
FM said Pakistan has acquired proper quantity of the fuel and the country has been saved from the shortage of fuel with success.
Government is keeping watchful eye on the inflation and is reviewing the effects of hike in the prices of essential commodities.
He held over one dozen institutions are in the different process of privatization in the country. Target of acquiring over one billion dollars from the privatization of 5 to 6 institutions has been fixed in the current fiscal year.
He said that work on privatization of Power Distribution Companies and shifting the administrative matters of airports to private sector is underway.
He said government wants private sector should play pivotal role in the development of the country. Focus is being placed on promoting private investment and providing congenial environment for business.