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ISLAMABAD, Jul 11 (APP):The National Assembly, Standing Committee on Finance and Revenue on Thursday briefed on overview of the economic indicators and country’s economic situation.
The third meeting of the Standing Committee on Finance and Revenue was held on Thursday, under the Chairmanship of Syed Naveed Qamar, MNA.
The Committee was briefed on the Economy, GDP Growth, Budget Deficit, Current Account, Inflation, Unemployment, Interest Rates, Energy Circular Debts and other Economic Indicators.
The Minister of State for Finance and Revenue and Secretary Committee briefed the committee on corrective measures proposed to meet the challenges of the economy in the budget and beyond.
They said corrective measures have been taken to address the fiscal deficit and the country’s external accounts.
They said that the Government is negotiating an IMF Program to address structural weaknesses in the economy.
They hoped that in Financial year 2025, the government will achieve the targeted GDP growth at 3.6% and inflation at 12%.
The Minister for Finance also briefed the Committee on State of negotiation with the IMF, conditionality and roadmap to meet them in-Camera session and replied to a number of questions / queries of the Chair and Members of the Committee.
The meeting was attended by Bilal Azhar Kayani, Rana Iradat Sharif Khan, Ms. Zeb Jaffar, Kesoo Mal Kheal Das, Ali Jan Mazari, Dr. Mirza Ikhtiar Baig, Dr. Nafisa Shah, Arshad Abdullah Vohra, Shahram Khan, Muhammad Mobeen Arif, Usama Ali Mela, and Muhammad Ali Sarfraz, MNAs.
The meeting was also attended by Muhammad Aurangzeb, Minister for Finance and Revenue, Ali Pervaiz Malik, Minister
of State for Finance, Secretary Finance Division, Chairman FBR, and other senior officers of the Ministry of Finance and Revenue.