Confidence in economy restored, says Shamshad Akhtar

Caretaker Finance Minister Dr Shamshad Akhtar has said that the country’s economic growth will rebound by 2-2.5 per cent in the current fiscal year. The economic recovery process has boosted business confidence and market sentiments while a bullish trend has been prevailing in the Pakistan Stock Exchange (PSX) for the last five months, she said. In a virtual address at the IPO Summit 2024 —Empowering the Future of Capital Markets, organised by the PSX on Saturday, she said restoring confidence in the economy and markets in the past few months has been very rewarding not only for me but also for all my colleagues who are well-wishers of Pakistan and are not anti-reforms. She said the agriculture sector is expected to grow by 5.6pc and industry by 2.5pc in the current fiscal year.