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Next 10 years will help reduce income disparity: Tarin

23 Jan, 2022
Finance Minister Shaukat Tarin during a pre-budget press conference in Islamabad on June 10, 2021. AFP/File
Finance Minister Shaukat Tarin during a pre-budget press conference in Islamabad on June 10, 2021. AFP/File

NNI

**Finance Minister Shaukat Tarin on Saturday said that Pakistan has entered a "decade of sustained growth."

Taking to Twitter, Tarin said, “Moving on with the structural changes, inclusive growth and policy actions, Bloomberg has also recognised that Pakistan has entered the decade of sustained growth.”**

He said the next ten years will help reduce income disparity, increase employment and improve human development. “For the third consecutive time, Pakistan stood in the top 3 in Economist normalcy index,” Tarin maintained, adding that no other country has achieved this feat in the world.

No other country has achieved this in the world; the Finance Minister said. “The same is reflected in the revised GDP growth of 5.37% in FY21, the second-best in last 14 years,” he said.

Moving on with the structural changes, inclusive growth and policy actions, Bloomberg has also recognized that Pakistan has entered the decade of sustained growth, he said.

On Jan 20, Federal Minister for Planning and Development Asad Umar said that the last year witnessed the second-fastest growth in the country and led to an increase in the per capita income of Pakistanis by US$200 to US$1666.

Federal minister Asad Umar shared that last year saw a record wheat and potatoes production that stood at 27.5 million tons and 5.9 million tonnes [against a target of 4.3 million tonnes] respectively.

In another tweet, he said that for the third consecutive time, Pakistan stood in the top 3 in Economist Normalcy Index. "No other country has achieved this in the world."

He said the same is reflected in the revised Gross Domestic Products (GDP) growth of 5.37 per cent in FY21, the second-best in the last 14 years. Moving on with the structural changes, inclusive growth, and policy actions, Bloomberg has also recognized that Pakistan has entered the decade of sustained growth, he said. The Minister said that the next 10 years will help reduce income disparity, increase employment and improve human development.

The story was originally published in Business Recorder on January 23, 2022.