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Pakistan’s economy heading in right direction with signs of recovery: Rana Ihsan

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Coordinator to the Prime Minister Rana Ihsan Afzal Khan has said that the initiatives taken by the incumbent government have put the country’s economy on right path boosting investor confidence, exporter confidence, and attracted foreign investment, paving the way for sustainable economic growth.

Talking to the state run news channel on Sunday, he said that country’s economic recovery was gaining momentum, driven by strategic reforms and investments.

Rana Ihsan Afzal Khan said that Pakistan’s economy was showing promising signs of recovery, thanks to the government’s strategic efforts.

Painting a positive picture of Pakistan’s economic outlook, he expressed confidence in the government’s reform agenda citing notable progress in tax stabilization, privatization and exporter’ support.

The PM’s Coordinator said that Pakistan was poised for significant economic growth, with a focus on resolving long-standing issues faced by manufacturers and exporters.

The government was actively addressing refund issues and implementing strategies to boost exports, he added.

In fact, Pakistan has planned to raise its exports to $50 billion in five years, with an ambitious long-term target of $100 billion, he added. Rana Ihsan emphasized that eliminating the non-filer category will have a positive impact on exporters, boosting Pakistan’s economic growth. He also highlighted a significant shift in Pakistan’s economy, adding, previously, investments were largely concentrated in the property sector, which did not contribute significantly to the country’s economic growth.

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