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Print

PM tells Jefferies Group team: Steps taken to stabilise economy

  • Holds meeting with a delegation of the international investment banking and capital markets firm
Published November 30, 2022
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ISLAMABAD: Prime Minister Shehbaz Sharif said on Tuesday that the government is taking all possible steps to stabilise the country’s economy. According to the Prime Minister’s Office, a delegation of the international investment banking and capital markets firm, Jefferies met with the prime minister.

Finance Minister Ishaq Dar also participated in the meeting.

The prime minister welcomed the delegation and invited them to open their office in Pakistan.

The prime minister said that due to difficult decisions taken by the coalition government, the country has come out of the danger of default. He added that efforts are being made to spread false information about Pakistan’s economic situation.

He said that the coalition government, regardless of the political cost, saved the country from the cost of consequences of the incompetence of the last four years.

PM welcomes prospects of ECO’s outreach to CARs

The government is taking measures on a priority basis for reducing inflation and for the relief of the common man, he further stated.

The government is trying to reduce the trade deficit and would provide every facility to the investors for the promotion of foreign investment in the country.

The delegation welcomed the progress of the country in the direction of economic stability by effectively confronting the economic challenges facing the country under the leadership of the prime minister, added the Prime Minister’s Office.

Copyright Business Recorder, 2022

Comments

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Rebirth Nov 30, 2022 11:20am
The company’s annual reports don’t have indices in the beginning. 200-page corporate annual reports. Is that even normal? And then, no index to navigate through it. Looks like the US version of Hajveri bonds. We need to partially privatize FWO and build infrastructure in war-torn areas in Pakistan and it’s vicinity. There has been no investment in infrastructure in many countries in the region partially due to US sanctions, wars and enabling of corruption by backing criminal and incompetent leaders in the Holy name of St. Democracy, the saint of bloodlust. China is taking advantage of this in many countries, including ours. They’re building infrastructure and getting US firms to invest in those companies. Chief among them is Blackrock. Why can’t we do with the FWO what the CCCC has achieved with the help of Wall St., which is funded by the pounds of obese US citizens’ flesh? As the US helps grow India’s economy so they can fund Russia’s war, we must ensure our own progress and growth.
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Yakub Nov 30, 2022 11:35am
Good news . Hopefully InshaAllah our economy will be much better and things will improve , inflation will go down .
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Fazeel Siddiqui (Overseas Pakistani) Nov 30, 2022 12:42pm
When used word default in any way, it already raises danger among investors. You can't make them fool like indigenous public, they well studied that country keeps moving to worst from worse and all your flattery words bear upon deaf ears. Words not results matter, no lesson learned from failed 75 years of autocracy.
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Hilarious Nov 30, 2022 03:54pm
@Rebirth, ummm, how about we stop littering first? Before taking on much grander issues? If that’s too hard, how about some basic traffic rules? When everybody lacks even the very basics of discipline you get a mess like Pakistan. Sure the governments have a responsibility but the people lack basic morals and ethics which puts the country in the conundrum when everyone blames everyone else for the problems plaguing society when the problem is precisely that, lack of any self reflection. When everyone has an ego the size of the pyramids in Giza, you get a society like Pakistan.
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