ISLAMABAD: Federal Minister for Finance and Revenue Shaukat Tarin on Thursday said that Pakistan became economically stable because of the loans provided by the International Monetary Fund (IMF).
In an interview with Bloomberg, the finance minister said economic growth will be below 5 percent this fiscal year, while the government hopes to grow 6 percent next year.
Shaukat Tarin further stated that loans in the agricultural sector, private housing financing drive our economy.
At the same time, exports are also growing, and tax revenue has grown by more than 32%.
“We are trying to now take those steps, which are going to put this economy on an inclusive and sustainable growth path,” said Shaukat Tarin. “Once it gathers momentum and is sustainable, then I think we will probably see 20-30 years of growth.”