ISLAMABAD: Stressing the need for evolving consensus on Vision 2018-23, Finance Minister Senator Mohammad Ishaq Dar Saturday reiterated government’s resolve that macroeconomic gains would not only be saved and consolidated but would be built further to ensure entry of the country into Group 20 (G20) countries by 2020.
Addressing the post-budget press conference here, the Finance Minister highlighted the importance of unity and hardwork to achieve this goal.
He stressed the need for evolving consensus on the Vision to lead the country towards progress and development, adding this was the best time for it before going into general elections 2018.
“What are our targets, and where do we want to lead the country, should be clear and this is the best time to have a Charter of Economy and Roadmap,” said the minister.
He said that microeconomic progress and achieving social economic targets were the goals and “we can lead the country towards achieving thses with unity.”
The Finance Minister said that instead of a routine three-year medium term plan, the government in the budget document, had introduced a five-year vision 2018-23.
The Vision, he said aimed at focusing on the second generation reforms including deepening of financial market, improving ease of doing business, enforcing property rights, improving regulatory apparatus, enforcing rule of law, creating a credible and efficient judicial system and to build an institutional foundation that can sustain economic growth and give protection against external shocks.
The Vision envisages growth above 7 percent and highlights that over the next five years, the key drivers of economic growth should be investments, environment of competition and innovation with the private sector as an engine of growth, he added.
He said the government institutions should be reformed to focus on improved service delivery and better regulations to support the growth momentum while governance, transparency, accountability and business-friendly environment should become the key focus of country’s policies.