Islamabad: Finance Minister Muhammad Aurangzeb has said the country has made significant progress on the economic front over the past year. Addressing a conference in Islamabad today, he highlighted the stability of the currency and increase in foreign exchange reserves.
According to Radio Pakistan, the Finance Minister stated that foreign exchange reserves now cover two and a half months of imports, while inflation has decreased to 4.9 percent. This economic stability is seen as a significant achievement for the country.
The Finance Minister also assured full support for the private sector in the development of the housing sector. He emphasized that housing is a critical pillar of inclusiveness and stressed the need to simplify procedures for house financing. This move is expected to encourage more private sector investment in housing development, potentially addressing housing shortages and boosting economic growth.