World

Pakistan Finance Minister Reassures To Revive Country’s Economy In Sometime

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.”

Also Read: Chinese Astronauts Return Home Safely Following A Six-Month Stint In Space Station

Shivanshi Srivastava

Recent Posts

Centre Disburses Rs 1,162 Crore Under Telecom PLI Scheme

The Central government has disbursed ₹1,162 crore under the Telecom PLI Scheme till 31 March,…

4 hours ago

UAE Expands Visa-On-Arrival Policy For Indian Citizens To Boost Bilateral Ties

Under the revised rules, Indian passport holders with valid residence permits from Australia, Canada, Japan,…

6 hours ago

India’s Flavours, Culture & Heritage To Grace New York At ‘NMACC India Weekend’

India is all set to bring its essence of aroma, taste, and culture to the…

7 hours ago

Home Minister Amit Shah Rules Out Talks With Maoists Holding Weapons

Union Home Minister Amit Shah reaffirmed the Centre’s commitment to end Naxalism by 31 March…

7 hours ago

Gold, Silver Prices Fall Sharply This Week; Global Trends, Geopolitical Easing Behind Dip

There is some relief for buyers as gold and silver prices dropped notably this week.…

8 hours ago

Ethanol Blending Boosts Farmers’ Income, Saves Rs 1.36 Lakh Crore In Forex: Hardeep Puri

India’s ethanol blending programme has reduced the country's dependence on crude oil imports and increased…

9 hours ago