June 10, 2023 1:07 am

Finance Minister Ishaq Dar (correct) speaks through a press conference in Islamabad on February ten, 2023. — AFP

  • “Pakistan was anticipated to grow to be world’s 18th-strongest economy in 2016.”
  • The nation, having said that, is facing critical financial challenges, Dar says.
  • “Pakistan will not default,” retreats finance minister.

ISLAMABAD: The federal government is generating all doable efforts to steer the nation out of a tricky predicament and place the economy on the path of sustainable development, Finance Minister Ishaq Dar has mentioned.

Addressing an Iftar dinner hosted by the Islamabad Chamber of Commerce and Market (ICCI) in honour of foreign diplomats, he mentioned that friendly nations are anticipated to materialise their commitments with Pakistan that would pave the way to close the deal with the International Monetary Fund (IMF) and revive the economy.

In 2016, Pakistan was a increasing economy as it was anticipated to grow to be the world’s 18th-strongest economy, but is now facing critical financial challenges, the monetary czar added. “Pakistan will not default and the government is generating all doable efforts to steer it out of a tricky predicament.”

Speaking on the occasion, ICC President Ahsan Zafar Bakhtawari urged the government to make certain consistency in financial policies that would allow the enterprise neighborhood and investors to invest in Pakistan with self-confidence.

He assured that the enterprise neighborhood would totally help the government in its efforts to revive the economy.

He highlighted the enterprise and investment possibilities in Pakistan for diplomats and mentioned that Pakistan is a enormous market place with more than 220 million shoppers and provided wonderful investment possibilities in a variety of sectors of its economy.

Zafar Bakhtawari, former President ICCI, mentioned the enterprise neighborhood is hopeful that Finance Minister Ishaq Dar will quickly conclude a deal with the IMF that will allow Pakistan to cope with its present financial crisis.

He urged the government to perform really hard to finish the country’s reliance on foreign loans and make it self-enough and assured that the enterprise neighborhood would totally help in reaching this target.

Atadjan Movlamov, Ambassador of Turkmenistan, Yerzhan Kistafin Ambassador of Kazakhstan, Khazar Farhadov Ambassador of Azerbaijan, Ulanbek Totuiaev Ambassador of Kyrgyzstan, Dr Mehmet Pacaci Ambassador of Turkey, Adam M Tugio Ambassador of Indonesia, Dr Ramez Alraee, Ambassador of Syria, and diplomats of several other nations like Saudi Arabia, Australia, Malaysia, Poland, Sri Lanka, Nepal, Republic of Turkish Northern Cyprus attended the Iftar dinner.

They appreciated the ICCI for hosting a magnificent Iftar dinner for them.

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