Pakistan stock market is performing excellently: Finance Adviser

KARACHI: Adviser to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Sheikh has said that the government is trying to uphold the rule of law in the country and eradicate corruption.

Dr. Abdul Hafeez Sheikh visited Pakistan Stock Exchange and started the business by ringing the bells. Addressing the participants on the occasion, he said that the eyes of the whole world are on Pakistan and we are facing economic difficulties but we still have to move forward but the performance of Pakistan stock market is excellent.

He said that the government was trying to uphold the rule of law and eradicate corruption. “Exports are a big challenge for us and there has been no work in the export sector in the past but we are trying to increase exports further,” the minister said.

Sheikh said that the consumption of cement in the country has increased by 30 percent while tractors have increased by 4 percent and motorcycles by 25 percent. Criticism had to be endured to get the dollarization in the right place, he added.

He said that the targets of FBR have also improved and now if people invest here, the situation will be better. The stock exchange is currently the world’s fourth-best market and Asia’s first.

The Finance Advisor said that 100 million people have been given a non-discriminatory amount from the Ehsas program and another installment of the Ehsas program will be released next week.