ISLAMABAD: Finance Advisor, Shaukat Tareen has said that as many as 18 million people in the next five years would be provided micro-finance facility, while by the end of the current year inflation rate would drop below 10 percent.
Talking to media on the sidelines of a function here, he said the Pakistan agriculture sector would used to get 85 percent of the disbursed loans until 10 years ago, while the present government ensuring micro-financing striving seriously. He said that micro-financing would be taken ahead with our own resources, as this program would alleviate poverty.
He said that the World Bank has given time until June for abolishing subsidy on diesel. He said that inflation was on the decline since last November and predicted its fall below 10 percent by the end of the current year. Shaukat Tareen said that power tariff would not be increased until improving the system. He said that $200 million out of the ADB approved loan of $300 million would soon be received. While by the mid-March assistance from the Friends of Pakistan would be made available. He urged reducing pressure of interest hike.
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