Finance minister calls for reforms in govt institutions

Federal Finance Minister Muhammad Aurangzeb has declared that Pakistan is moving on path of economic stability due to government's prudent policies and timely decisions, reported 24NewsHD TV channel.

Addressing 8th edition of future summit in Karachi on Wednesday, the finance minister said that decrease in current account deficit, increase in remittances, stabilization of rupee and cut in policy rate clearly indicate that national economy is moving in right direction.

Aurangzeb said owing to steps taken by the government inflation has decreased from 38 percent to single digit. He said short- and medium-term policies are being put in place to make the national economy sustainable.

The minister also stressed the need for reforms in government institutions to ensure transparency, control loopholes and take benefit of technological advancements in this regard.