ISLAMABAD: Economist Kashif Mustafa has said that increase in foreign exchange reserves of the country is a logical outcome of prudent economic policies of present regime.
Talking to Radio Pakistan, he said that government developed relationship with IMF soon after coming into power and now World Bank had also expressed willingness to help Pakistan.
The analyst said that international organizations offer support to Pakistan at time when they find Pakistan in a position to utilize their assistance.
Kashif Mustafa said that government had a number of options like Euro Bond, GDRs, auction of 3G or 4G technologies and others to raise the volume of foreign exchange reserves.
With improved internal law and order situation Pakistan has potential to attract international investment which is almost saturated in India and China, he added.
He said that Karachi Stock Exchange was declared as the best performing stock exchange today only due to economic policies of the government.
The analyst said that there would be no gas load shedding for industrial sector in Punjab this year therefore industrial production would be further increased.
He said that Pakistan's Rs. 70 billion loans had been reduced due to devaluation of dollar against rupee.
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