PM's assurance on continuation of policies effective: Mian Zahid.

Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain said on August 16 that the caretaker Prime Minister Anwarul Haq Kakar's assurance of continuing the previous government's policies is timely and welcome.

This assurance was a relief for the business community, which was apprehensive about the prospect of a radical change in key economic policies, he said.

Mian Zahid Hussain said that the continuation of the policies of the previous government also means that the IMF programme will not be derailed, which is necessary to save Pakistan from bankruptcy.

Talking to the business community, the veteran business leader said that all the reforms required for the success of the IMF's November review should not be delayed; otherwise, the IMF programme will be derailed and the country's problems will increase.

He said that the sudden increase in the value of the dollar and petroleum products and the decrease of more than 400 points in the stock market after taking the oath of the caretaker prime minister are worrisome.

The downward trend in exports and remittances is also continuing, which are signs of a deepening economic crisis, he added.

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