Ishaq Dar assures Pakistan to close deal with IMF to revive economy - Press Release issued by Islamabad Chamber of Commerce and Industry.

Islamabad -- March 26, 2023 (PPI-OT)

Following is the text of press release issued by Islamabad Chamber of Commerce and Industry (ICCI)

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The friendly countries are expected to materialize their commitments with Pakistan that would pave the way to close the deal with the IMF and revive the economy. This was said by Muhammad Ishaq Dar, Federal Finance Minister while addressing as Chief Guest an Iftar Dinner hosted by the Islamabad Chamber of Commerce and Industry in honor of foreign diplomats.

Ishaq Dar said that in 2016, Pakistan was a rising economy as it was expected to become the world's 18th-strongest economy, but is now facing serious economic challenges. He said that Pakistan would not default and the government is 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, Islamabad Chamber of Commerce and Industry said that the government should 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. He said that Pakistan is a huge market of over 220 million consumers and offers great investment opportunities in various sectors of its economy.

He said that the foreign investors should transfer technology to Pakistan and explore JVs and investment in areas of interest. Tariq Fazal Chaudhry, former Federal Minister said that the government is 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 needs exports to overcome its foreign exchange crisis and hoped that the foreign diplomats would fully cooperate with Pakistan in realizing this goal.

Engr. Azhar ul Islam Zafar, Vice President ICCI thanked the chief guest, diplomats and all participants for participating in the Iftar Dinner...