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Economic Stability Achieved Through Prudent Policies: Kayani

Islamabad: Minister of State for Finance Bilal Azhar Kayani announced that Prime Minister Shehbaz Sharif’s vision focuses on attaining economic stability through sustainable, inclusive, and export-led growth. Speaking at a news conference in Islamabad today (Tuesday), Kayani emphasized the success achieved in micro-stability due to the government’s prudent policies since taking office.

According to Radio Pakistan, Kayani detailed several key achievements, including a rise in foreign exchange reserves, a twenty-six percent increase in the Federal Board of Revenue’s (FBR) revenues, and achieving a current account surplus. He also pointed out that inflation during the last fiscal year was 4.5 percent, significantly lower than the anticipated twelve percent. Additionally, the policy rate has decreased from twenty-two percent to eleven percent.

Kayani further noted that no mini-budget was introduced, and all set targets were successfully met. The current budget provides relief to government employees and pensioners. He expressed gratitude to all government allies for their support in passing the budget in parliament.