Abdul Hafeez Shaikh, Adviser to Prime Minister on Finance said that the incumbent government of Pakistan Tehreek e Insaf had to introduce a strict financial discipline due to an uncertain economic situation inherited by them from previous rulers.
Hafeez Shaikh while speaking during the Pakistan Strategy Dialogue session at the World Economic Forum (WEF), said that the Pakistan imposed smart lockdown and launched an emergency cash programme to mitigate the effects of the coronavirus related restrictions.
The government brought improvement in current account deficit through measures aimed at bringing down imports in the country, Hafeez Shaikh said
He further added that the government has supported the construction sector in the country to revive the economy during the time of the COVID-19 pandemic.
Hafeez Shaikh said that “We completely support investments from the private sector as it acts as the engine of the economy,” added that they also welcome foreign investments in the country and believe in introducing transparent, accountable and ease of doing business measures for them.
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