Investment in Pakistani Bonds has Reached $1 Billion: Finance Advisor

Advisor to Prime Minister on Finance, Abdul Hafeez Shaikh has said that investment in Pakistani Bonds has reached $1 billion.

He hopes that the country will surpass its economic growth target, reported Radio Pakistan.

Talking to the media persons in Islamabad, he said China Pakistan Economic Corridor (CPEC) envisages several important projects including energy, basic infrastructure, and special economic zones. Sheikh further stated that CPEC is significant for the development of the country.

Earlier, addressing Pakistan Innvoative Finance Forum in Islamabad, the Advisor said the government is committed to good governance, transparency, and financial discipline to ensure ease of doing business in the country.

He said the economy of the country has been put on the right path thanks to effective reforms.

The Advisor stated that 16% improvement has been witnessed in revenue collection while non-tax revenue has doubled due to the business-friendly policies of the government.

He said that the government has established a sustainable model of economic development and foreign direct investment while exports have increased considerably.