ISLAMABAD: The government has taken pragmatic steps to tackle inflation, stabilise foreign exchange and increase productivity, a senior official said.

During a meeting with renowned international economist Dr Arthur B Laffer at the Finance Division, Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin stressed that priority sectors such as modernisation of agriculture, information technology (IT) and industry were vital for increase in exports and economic growth.

Welcoming Dr Laffer, the adviser highlighted the current economic situation of Pakistan and briefed on the steps taken by the present government to address the challenges being faced by the economy of Pakistan and put it on the path of progress and growth.

Dr Laffer appreciated the efforts taken by the present government in various sectors for economic progress and development.

Citing examples from the US, Turkey and China in achieving economic stability, he suggested key economic reforms to boost prosperity and economic growth in Pakistan.

He cited great potential in accelerated privatisation, simplification of taxes and strengthening of exchange rate to push the economy forward.

Tarin applauded Dr Laffer’s suggestions in the realm of economy and valuable support for bringing economic progress in Pakistan.

Members of the American Business Council, Finance secretary and senior officers participated in the meeting.