While commenting on the economic situation, here on Thursday, Chairman Pakistan Textile Exporters Association (PTEA) Ajmal Farooq and Vice Chairman Naeem lauded the steps taken by the finance team especially the outgoing Chairman FBR Nisar Muhammad Khan in economic uplift of the country and achieving macroeconomic stability by pursuing comprehensive reforms in a short period of time. Member IR, Dr Muhammad Irshad was also the key player of economic team and we are hopeful that the under his dynamic leadership pace of economic stability will grow further and the good work initiated by his predecessor would be carried forward, they said.
As a result of progressive measures, Pakistan's economic growth is gradually increasing; fiscal deficit is reducing while inflation had continuously declined in the country, they added.
Economic team is effectively implementing structural reforms to consolidate recent gains in macroeconomic stability and improve the investment climate, they said. These reforms are critical for fiscal and economic sustainability and to promote investment and economic growth. Policy of consultation on core economic issues being adopted will take the country at the highest level of economic growth and development. Pakistan had an opportunity to become more ambitious in reforming its economy and reducing poverty in the country.
PTEA fully supported the continuation of economic policies and the economic team as well to achieve desired results for economic stability, they said.