‘Economic indicators point to improvement’
Fawad Chaudhry says PTI govt inherited elevated levels of debt servicing
Information minister Fawad Chaudhry during a press briefing following a meeting of the federal cabinet, in Islamabad on June 8, 2021. SCREENGRAB
ISLAMABAD:
When the current government came to power, Pakistan was facing daunting challenges such as a high current account deficit, which has now been curbed significantly due to sound fiscal policies, said Federal Minister for Information Fawad Chaudhry.
Briefing the media on Wednesday, he said that at present, economic indicators were pointing towards improvement in the national economy despite the Covid-19 pandemic.
“All high-frequency data shows improvement in the economy and growth rate is being predicted at about 3.94%,” he said.