The government’s economic team headed by Finance Minister Ishaq Dar told Prime Minister Shehbaz Sharif on Thursday while presenting the Economic Survey 2022-23 that there is no quick fix, but the decline of the economy has been stopped and the risk of default has been averted.
He maintained his argument, however, that the rupee’s real value is in the 240s against the dollar
“We have stopped the decline of the economy and have prevented Pakistan from default. Now our objective is 3.5% growth for next year,” said Dar. “The baseline is core inflation, which is in the range of 16-20%. The world over the core inflation is followed and not the headline inflation,” he added.
Unveiling the Economic Survey, the finance minister said that the fiscal year 2022-23 was a difficult year for the economy. There are 17 chapters in the economic survey on different sectors of the economy. The report discusses in detail sectoral, socio-economic development, agriculture, manufacturing, energy, IT, capital market, health, education and transport sectors.
