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Pakistan takes effective measures to jump-start stagnant economy: minister

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ISLAMABAD: Pakistan’s caretaker Minister for Finance Shamshad Akhtar said the South Asian country has taken effective measures to jump-start the national economy amid multiple challenges.

The caretaker government has adopted a holistic approach to developing a roadmap to augment macroeconomic management in reviving economy, the minister said at a press conference on Friday.

Fiscal stability and fiscal coordination with monetary policy as well as external policy are being reinforced, which is the anchor of macroeconomic management, Akhtar said.

The minister said efforts are also being made to enhance the social safety net during the period when structural reforms are being implemented.

“We would try to enhance the social safety net and more importantly, financial inclusion would be expedited so that small and medium-sized enterprises, agriculture sectors and citizens get opportunities for financial empowerment through digitization,” she added.

Commenting on the rising inflation in the country, she said there is a need to promote industrialization and maintain a regular supply chain to rein in inflation and enhance exports.

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