Efforts on to put economy back on track of sustainable growth: Dar.

ISLAMABAD -- Minister for Finance and Revenue Senator Muhamme Ishaq Dar has said that the government is making all possible efforts to steer the economy of the difficult situation in order to put it on the path of sustainable economic growth.

Addressing as chief guest an Iftar dinner hosted by the Islamabad Chamber of Commerce and Industry (ICCI) in honor of foreign diplomats, Dar said that friendly countries were expected to materialize their commitments with Pakistan that would pave the way to close the deal with the IMF and revive the economy.

He said that in 2016, Pakistan was a rising economy as it was expected to become the world's 18th-strongest economy, but was now facing serious economic challenges.

He said that Pakistan would not default and the government was making all possible efforts to steer it out of a difficult situation in order to put it on the path of sustainable economic growth.

He lauded the initiative of ICCI for hosting an Iftar dinner for diplomats.

Speaking at the occasion, Ahsan Zafar Bakhtawari, President ICCI urged the government to ensure consistency in economic policies that would enable the business community and investors to invest in Pakistan with confidence. He assured that the business community would fully support the government in its efforts to revive the economy.

He highlighted the business and investment opportunities in Pakistan for diplomats and said that Pakistan was a huge market of over 220 million consumers and offered great investment opportunities in various sectors of its economy.

He said that foreign investors should transfer technology to Pakistan and explore joint ventures and investments in areas of interest.

Tariq Fazal Chaudhry, former federal minister said that the government was determined to promote ease of doing business and hoped that the current difficult phase would be over soon.

Faad Waheed, Senior Vice President ICCI said that Pakistan needed exports to overcome its foreign exchange crisis and hoped that the foreign diplomats would fully cooperate with Pakistan in...