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Musharraf government's reforms will continue, Jamali assures Shaukat

ISLAMABAD (November 25 2002) : Prime Minister Mir Zafarullah Khan Jamali has assured that his government would continue the policies and reforms initiated by the government of President General Pervez Musharraf. The Prime Minister gave this assurance at a meeting with Shaukat Aziz, Adviser to the Prime Minister on Economic Affairs, after taking his oath.

Shaukat Aziz, who was speaking to the media after an Iftar reception hosted by Information Minister Sheikh Rashid at his Lal Hawaili in Rawalpindi on Sunday, also said that there are no short cuts to creating growth in economy but it takes time. The previous government has rendered a strong base for lifting the economy.

The results of the reforms are still to come and the creation of the new set-up would generate more economic activity, he added. The government has achieved macroeconomic stability, which is essential for micro stability, and it, thus, paves the way for sustained growth.

While responding to the 7.7 paisa/kwh hike in power tariff, Shaukat Aziz said that the matter is related to the Ministry of Water and Power headed by Aftab Ahmed Khan Sherpao and he has nothing to do with the finance ministry.

He said that the level of foreign exchange reserves would reach $ 10 billion by the end of this fiscal.

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