LAHORE: After the endorsement of the IMF programme, the confidence of local and foreign investors will increase to invest in Pakistan, senior PML-N leader Qaisar Ahmed Sheikh, said.
He said, recently, the international rating agency has improved the rating of Pakistan from minus to C. “We are thankful to Chief of Army Staff for extending full support to all the initiatives under the Special Investment Facilitation Council, including the launch of the Green Pakistan Initiative,” he said.
Due to the sagacious policies of the incumbent government, the inflation will come under control soon besides appreciation of Pak rupee against the US dollars, he said, adding: “These developments will facilitate a common man in the country.”
He said the present government is mainly focusing on boosting the IT sector, promoting solar tube-wells and facilitating loans for SMEs. Economist Dr Noor Fatima said the coalition government after coming into power diverted all its attention on putting the economy back on track.
According to her, the Prime Minister took personal interest in securing the IMF deal. The previous regime’s deviation from the IMF agreement resulted in the delay of the program. The current government is trying its best to provide relief to the masses.
However, the political parties must realize that the bailout package is a deal between the IMF and state of Pakistan and the new government will have to honour it.
Copyright Business Recorder, 2023
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