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Minister for Finance Ishaq Dar on Thursday said the European Union has granted Generalised Scheme of Preferences (GSP) Plus status to Pakistan which would greatly help the country to boost its export.

Addressing the concluding session of the Conference, he said to sustain dwindling national economy, the government has taken some unpopular and difficult steps. Due to these measures and prudent polices of the government economic indicators are showing positive signs where as the foreign investors’ confidence to invest in Pakistan is also restored.

The Finance Minister said country’s economic growth remained at five during first three months of current fiscal year and hopefully it would improve in future. He said that even while austerity measures are being taken to bring down the deficit‚ the government has increased allocations for social safety nets to protect the poor.