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ADB report validates correct economic policies: Cheema

ISLAMABAD: Federal Minister for Economic Affairs, Ahad Cheema has termed the Asian Development Outlook report of April 2024 as a validation of the government’s correct economic policies.

In a statement issued by Economic Affairs Division in Islamabad, he said the report portrayed positive prospects for Pakistan’s economy under the leadership of Prime Minister Shehbaz Sharif.

The Minister said that the government had started working towards a stable and sustainable economy. He said that inflation was decreasing in the country and this had also been confirmed by global financial institutions.

Ahad Cheema said the government had been working to improve financial discipline and promote investment for better business environment in the country.

The minister said the government was committed in implementing the recommendations of the ADB and continue to work towards building an economy where opportunities are available for all Pakistanis.

The Outlook Report estimated a growth rate of two point eight percent for Pakistan in the forthcoming financial year and also predicted a decline of inflation up to fifteen percent.