ISLAMABAD: Advisor to Prime Minister on Finance Dr Abdul Hafeez Shaikh on Friday has said that controlling petroleum products’ prices is not in incumbent government’s hands. Addressing a ceremony, the advisor said agreement with IMF will send a positive signal to other international financial institutions as well as countries regarding Pakistans commitment to fiscal discipline. Upcoming budget will contain steps to address gaps in current account deficit and fiscal deficit for attaining sustainable economic growth, he assured. He said the government’s measures have resulted in reduction in imports and increase in exports and remittances. Hafeez Sheikh said steps have also been taken to decrease expenditures, and coordinated efforts are underway to increase revenue. DNA
