The government has achieved 4.14 per cent GDP growth “due to its better policies” and was eying to raise it to 5.1pc during this fiscal year, Finance Minister Ishaq Dar said yesterday.
Chairing a meeting of the Monetary and Fiscal Policies Coordination Board Dar said all inflation indicators were on a downward trajectory.
The headline inflation for October was the lowest during the last 17 months at 5.8pc, he remarked.
The minister said the LSM sector grew by 5.3pc in August this year compared to 4.6pc last year.
Workers’ remittances were also showing remarkable results, he said, adding that FBR tax collections were on track as tax revenue increased by 13.1pc during the first quarter of FY15.
The stock market was also performing well, he said, referring to the KSE-100 index breaching 31,000 mark on Monday.
