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Pak economic indicators improving, says Sharif

Pak economic indicators improving, says Sharif Islamabad, Apr 2 (PTI) Prime Minister Nawaz Sharif today assured the World Bank that Pakistan’s economy is improving and the security forces have “broken the back” of terrorists who have inflicted huge financial losses on the country.

Sharif said the government has set the priorities such as energy, education, economy and eliminating extremism.

“Pakistan’s macro-economic situation is improving, inflation is at the lowest level in past 13 years, and foreign exchange reserves are considerably up while fiscal deficit is down,” he said while speaking to a World Bank delegation led by its Vice President Annette Dixon that called on him at the PM House.

He thanked the World Bank for continued support for Pakistan.

The Prime Minister said government has taken decisive steps against terrorism and extremism.

“Pakistan has suffered enormously at the hands of terrorism both in terms of financial losses as well as loss of human lives. We have broken the back of terrorists by destroying their sanctuaries and hideouts,” he said.

He said the government was committed to help restore lives and livelihoods of Temporarily Displaced Persons (TDPs) affected by Operation Zarb-e-Azb launched last year to eliminate terrorists from the country.

He also appreciated World Bank’s financial support for the TDPs.

Dixon congratulated the Prime Minister on economic progress made by the country since 2013 and said there was huge potential in Pakistan’s economy especially in agriculture and dairy sectors.

She said the World Bank has scaled up its support for Pakistan due to better economic conditions in the country.

Dixon appreciated the steps taken by the government in improving relations with Afghanistan and said this would contribute towards lasting peace in the region.