Pakistan committed to inclusive economic growth: Ishaq Dar

Pakistan committed to inclusive economic growth: Ishaq Dar

TOKYO: Federal Finance Minister Ishaq Dar said Pakistan is focused on achieving higher, sustainable and inclusive economic growth after having achieved macroeconomic stability.

He was speaking at a Round Table Conference on the theme, ‘Responding to Rising Inequality ‘ at Yokohama, Japan in connection with Asian Development Bank’s 50th Annual meeting of the Board of Governors.

Highlighting the issue of rising inequality, the Minister stated that income inequality was only one aspect of inequality whereas disparities in terms of gender, region also need to be addressed to ensure sustainable development.

Referring to Pakistan’s Vision 2025, Finance Minister said this concept prioritized investments in human capital and social services, recognized the importance of inclusive and balanced growth, and shared prosperity aiming at redressal to geographical and social inequality.

He added that present government strongly believes that benefits of growth must be shared by all segments of society, especially the marginalized groups.

Ishaq Dar highlighted the efforts to deal with horizontal and vertical inequalities including access of poor to health and education, endowment fund for education, work on social safety nets, skills development, disaster mitigation, and increase in BISP budget allocation.

The Minister showed confidence that development partners, including ADB would play important role in addressing inequality.

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