According to The News International Newspaper, Pakistan Finance Minister Ishar Dar said that it will take sometime to set the economy right, in the face of existential economic crisis.
What Pakistan’s Finance Minister said?
Pakistan’s Finance Minister in conversation with a delegation of the Karachi Chamber of Commerce and Industry (KCCI) on Saturday, said, “There’s no quick fix, and it will take time as we had faced such challenges in 1998 and 2013; but all of those challenges were efficiently tackled in due course of time.”
Political instabililty destroyed everything
As per the statement issued by the Karachi Chamber of Commerce and Industry, Dar said that in 2017 Pakistan’s inflation was the lowest and economy was growing with leap and bounds so everyone was appreciating the country’s performance. He also added that stock market were best performing in the region. The country was going into the right direction but due to political instabililty everything was destroyed, bringing down Pakistan’s economy from 24 to 47 position. He also mentioned, “The most difficult reforms have been done and the bleeding is over. Pakistan will survive and we will collectively face all the challenges to put the country back on track, leading to progress and prosperity.”
Government ready to cooperate
As per the report, the finance minister said that government will completely cooperate with all the corporates, but the wish list should be reasonable. Ishar Dar also said, “I reassure you that we will come out of economic crises and come up with new ideas and initiatives which the country actually deserves through agricultural revolution and a special focus on IT.”
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