He said that the topmost priority of the government is to ensure that there is no delay in external payments.
Islamabad:
Pakistan’s Finance Minister Ishaq Dar has said that it will take some time to bring the economy back on the right track in the face of huge financial problems in Pakistan. The News International Newspaper reported.
Speaking to a delegation of the Karachi Chamber of Commerce and Industry (KCCI) on Saturday, Dar said: “There is no quick solution, and it will take time as we faced such challenges in 1998 and 2013; but all those challenges They were handled efficiently in time.”
According to a statement issued by KCCI, the minister said that in 2017, everyone was appreciating Pakistan’s performance, and the economy was performing at its peak with highest foreign reserves and lowest inflation.
“The stock markets were the best performing markets of the region,” he claimed, adding that Pakistan was going in the right direction, but political instability destroyed everything, with Pakistan’s economy expected to drop from 24th to 47th in 2022. Dropped on the spot, which was painful for Pakistan. All Pakistanis.
Dar said: “The toughest reforms have been carried out and the blood is flowing. Pakistan will survive and we will collectively face all challenges to bring the country back on track, which will lead to progress and prosperity.”
He said that it is the topmost priority of the government that there should be no delay in the external payments and it is being done immediately. “I assure you that we will come out of the economic crisis and come up with new ideas and initiatives that the country really deserves with special focus on agriculture revolution and IT.”
He said that the government will cooperate fully with all the legitimate demands of the business community, but the wish list should be kept limited.
The Finance Minister claimed that the most difficult reforms have already been done, the bloodshed is over.