Economic performance remains satisfactory: NA told
ISLAMABAD: The National Assembly on Thursday has informed the economy of the country performed well during the year 2015, though there were some less performing sectors, as reported by State Bank of Pakistan (SBP).
Responding to calling attention notice regarding the weaknesses in the economy of Pakistan as pointed out by SBP, Parliamentary Secretary Finance, Rana Afzal told the house that the report had been both critical and supportive of economic performance of the country.
“While emerging economies are facing slower economic growth, Pakistan’s economy did reasonably well in Fiscal Yesr 2015 1 GDP growth posted a marginal increase over last year, whereas key macroeconomic indicators, like inflation, fiscal balance and current account balance, recorded improvements,” Rana said while quoting the report of SBP.
He further said several economic indicators had witnessed positive growth as remittances and foreign exchange reserves had gone up and there had been increase in foreign financial assistance and inflation was under controlled.
Parliamentary Secretary Finance said several sectors of economy including agriculture sector had performed positively, to a question on the per-capita debt, he said the per capita income had increased from $1333 in 2013 to $1384 in 2014 and to $1500 in 2015. He also commitment of the Finance Ministry to reduce debt to GDP ratio and bring it to the required level.
Rana Afzal said the government had passed on the relief of declining oil prices in the international market to the people.