The government will raise Public Sector Development Program spending by 38%, Finance Minister Shaukat Tarin said Thursday. He was addressing a press conference with Energy Minister Hammad Azhar and Industries and Production Minister Khusro Bakhtiar. Tarin said they now want to take the economy from stability to growth by giving incentives to agriculture, industry, export and IT sectors. After contracting 0.4% last fiscal year, the economy has grown by 3.9% this year, he said. The government is now targeting a growth of 5% next year and 6% the year after.
ISLAMABAD: The National Economic Council is scheduled to meet on next Monday , chaired by the prime minister, to approve macroeconomic targets and the national development outlay of Rs1.91 trillion.