ISLAMABAD - Federal Finance Minister Ishaq Dar has taken notice of complaints by pensioners regarding delays and difficulties being faced by them in collecting pensions at various bank branches.

He said that the government has created a system for direct disbursement of pension into pensioners' bank accounts for their convenience. In this regard, the minister directed AGPR to expedite operationalisation of the relevant technology platforms in order to address the pensioners' grievances and ensure timely disbursement of pensions.

He said that the government is committed to improving the welfare of the senior citizens of the country including pensioners.

Dar congratulates PM,

nation for improved rating

Federal Finance Minister Senator Muhammad Ishaq Dar on Tuesday congratulated Prime Minister Nawaz Sharif and the nation on improvement of Pakistan’s credit rating by Standard and Poor’s.

The Standard & Poor's has improved the country’s long-term credit rating from B negative to B with stable outlook. This comes as a result of the government's improved policy-making, strong performance of the economy and the good prospects for the country's fiscal and external positions, said a press statement issued by the Finance Ministry here.

Standard & Poor's has highlighted that Pakistan continues to benefit from improving governance under the present government. The government's reform programme has helped to restore macro-economic stability, reduce fiscal and external vulnerabilities, and promote growth-supporting reforms that have the potential to improve living standards.

Standard & Poor's, while issuing Pakistan's revised rating has also revised upward its forecasts of average annual GDP growth to 5% over 2016-2019 from the earlier estimate of 4.7%. It also revised Pakistan's debt to fall below 60% of GDP by 2018. The upward revision in rating, the agency contends, also reflects the government's continued focus on closing infrastructure shortfalls, reforms in the energy sector, gradual gains in fiscal consolidation and beefed up foreign exchange reserves.