Investment to be raised by 20pc in 3 years: Finance Minister

Finance Minister Ishaq Dar on Friday said thegovernment’s aim is to raise investment in the country to 20 percent in three years.Speaking at the consultative meeting for Vision Pakistan 2025, the Finance Minister said the government would pursue the policies aimed at reviving an era of national development. 

The Finance Minister vowed that the GDP growth would be raised from three to six percent in three years. He regretted that the previous govt borrowed 18 billion dollars from the International Monetary Fund (IMF). 

He said the present government inherited a circular debt of Rs 503 billion which it cleared in 45 days.

He mentioned the keen interest of Prime Minister Muhammad Nawaz Sharif in the energy projects including Nandipur, Neelum Jhelum and Diamer Bhasha dams and the Gaddani coal project.

He said these projects would help start electricity production of around 8600 Mega Watt. 

The Finance Minister said at present around 90 million people were living below the poverty line in the country which was more than 50 percent of total population.

He said the government would focus on the socio-economic plans for eradicating the poverty.