Foreign reserves increased, fiscal deficit decreased: Khusro Bakhtiar

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(Web Desk) – Federal Minister for Planning, Development and Reform Makhdoom Khusro Bakhtiar has asserted that the federal government has been formulating and implementing effective reforms to strengthen the national economy.

He spoke to a private news channel, and stated that improvement in every sector could be observed in the country.

He said that the Gross Development Product (GDP) could be improved by taking loans and initiating development projects; however it would be an artificial [development] and not a sustainable way for progress.

He said foreign reserves have increased and fiscal deficit has been decreased due to prudent economic policies of the government.

The minister said foreign direct investment has also increased which is an ample proof that the international business community has shown a keen interest of investment in Pakistan.

Replying to a question, he said the government has not compromised any project of the China-Pakistan Economic Corridor (CPEC).

Moreover, he said that the government would continue and accelerate current momentum of development of CPEC projects.

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