ISLAMABAD, Dec 4 (APP):Adviser to Prime Minister on Finance and Revenue Abdul Hafeez Shaikh on Wednesday said the government was committed to increasing production capacity of micro-finance sector to grab maximum benefits out of minimum resources. Addressing a two-day micro-finance conference here, the adviser said that stable economy was pivotal for promotion of micro-finance sector and due to timely and effective measures by the government, the economy had become stable now. He said the unprivileged segment of the society could be brought out of extreme poverty by promoting micro-finance sector. Hafeez Shaikh pointed out that due to huge fiscal deficits in past, the provision of loans to private sector got affected. However, he said the fiscal deficit during first five months of current fiscal year not only went down as compared to the last year, but it had gone in surplus if the interest payment was not taken in account. “For the first time, the primary fiscal balance is in surplus now. Our revenues are more than expenditures, which is a positive sign for the economy,” he added. The adviser also said the government would bring down the cost of doing business especially in micro-finance sector. Talking about the government’s … Continue reading Govt committed to increase production capacity of micro-finance sector: Hafeez Shaikh