Federal Minister for Finance and Economic Affairs Muhammad Aurangzeb has said the country has made significant progress on the economic front over the past year, reported 24NewsHD TV channel.
Addressing a conference in Islamabad on Wednesday, Aurangzeb highlighted the stability of the currency and increase in foreign exchange reserves.
The minister noted that foreign exchange reserves now cover two and a half months of imports. Additionally, inflation has decreased to 4.9 percent, he added.
The finance minister also assured full support to the private sector in the development of the housing sector.
He emphasized that housing is a critical pillar of inclusiveness and stressed the need to simplify procedures for house financing.