Economy moving on right track: Finance Minister

Islamabad: Finance Minister Mohammad Ishaq Dar has opined that the national economy is moving on right track after structural reforms by the government.

In an interview ‚ he said the government has taken difficult decisions to revive and stabilize the economy.

The Minister said the government expects to complete a series of large privatization transaction this spring which would raise much needed foreign exchange and expedite the reforms process.

He said the government is also looking for as much as five billion dollars from the spectrum auction soon.

Ishaq Dar said the government plans to split PIA into two companies ahead of selling a stake to a strategic partner.

He said the government intends to sell 31 state owned companies which are however‚ still in the process of selective new management teams.

Dar said first on the block would be government stakes in petroleum companies and in lenders such as Habib‚ Allied and United Banks.

He hoped that the government would achieve the growth rate of 4.4 percent following these reforms.

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