Tough decisions will revive economy: Finance Ministry

Islamabad: The Monthly Economic Update and Outlook for February 2024 has been released by the Ministry of Finance.

According to the Ministry of Finance, the economy is on the path of recovery due to tough and unpopular decisions. The new government should make necessary reforms to restructure Federal Bureau of Revenue (FBR). The governance and financial performance in government-owned institutions should be improved.

The Ministry of Finance stated that economic stabilization measures, encouraging business confidence along with exchange rate stabilization contributed to the positive economic outlook for Pakistan amid ongoing challenges.

The Monthly Economic Update and Outlook for February 2024 said that the actions of the past few months have restored market confidence and accelerated economic activity.