AGL 40.25 Increased By ▲ 0.24 (0.6%)
AIRLINK 127.60 Decreased By ▼ -0.39 (-0.3%)
BOP 6.57 Decreased By ▼ -0.03 (-0.45%)
CNERGY 4.50 Decreased By ▼ -0.10 (-2.17%)
DCL 8.64 Increased By ▲ 0.16 (1.89%)
DFML 41.90 Increased By ▲ 0.42 (1.01%)
DGKC 87.94 Increased By ▲ 1.36 (1.57%)
FCCL 32.65 Increased By ▲ 0.51 (1.59%)
FFBL 65.00 Decreased By ▼ -0.42 (-0.64%)
FFL 10.25 No Change ▼ 0.00 (0%)
HUBC 109.59 Decreased By ▼ -0.90 (-0.81%)
HUMNL 14.57 Decreased By ▼ -0.18 (-1.22%)
KEL 5.12 Decreased By ▼ -0.01 (-0.19%)
KOSM 7.54 Increased By ▲ 0.42 (5.9%)
MLCF 41.50 Decreased By ▼ -0.15 (-0.36%)
NBP 59.51 Decreased By ▼ -0.58 (-0.97%)
OGDC 194.00 Decreased By ▼ -0.69 (-0.35%)
PAEL 28.25 Increased By ▲ 0.30 (1.07%)
PIBTL 7.80 Decreased By ▼ -0.20 (-2.5%)
PPL 151.80 Increased By ▲ 0.63 (0.42%)
PRL 26.55 Decreased By ▼ -0.33 (-1.23%)
PTC 16.19 Increased By ▲ 0.19 (1.19%)
SEARL 82.60 Increased By ▲ 4.40 (5.63%)
TELE 7.67 Increased By ▲ 0.28 (3.79%)
TOMCL 35.50 Decreased By ▼ -0.17 (-0.48%)
TPLP 8.17 Increased By ▲ 0.26 (3.29%)
TREET 16.11 Increased By ▲ 0.22 (1.38%)
TRG 52.91 Increased By ▲ 0.15 (0.28%)
UNITY 26.50 Decreased By ▼ -0.05 (-0.19%)
WTL 1.24 Decreased By ▼ -0.03 (-2.36%)
BR100 9,916 Decreased By -4.4 (-0.04%)
BR30 30,746 Decreased By -5.5 (-0.02%)
KSE100 93,530 Increased By 305.5 (0.33%)
KSE30 28,977 Increased By 92.4 (0.32%)

The finance minister Asad Umar appears to be upbeat insofar as the PTI government's performance in the first half of fiscal year 2018-19 is concerned. Speaking to television anchors the other day, he has reportedly said that due to corrective measures introduced by the current government for bringing stabilization in national economy, the economic indicators have started showing resilience.
It is quite unfortunate that he has not dilated much on country's economic growth rate as the World Bank has already projected a major economic slowdown in the country during the current fiscal year. He needs to answer the question: how could the government effectively alleviate poverty in the absence of a higher growth rate in a developing country? One of the key factors behind China's feat of lifting over 600 million people out of poverty in a span of a few decades was the country's very high economic growth rate. Deng Xiaoping, Jiang Zemin, Hu Jintao and now Xi Jinping never lost sight of criticality of higher economic growth rate.

Copyright Business Recorder, 2019

Comments

Comments are closed.