Pakistan’s Economy on the Rise: Experts Highlight Key Factors Behind Stability
Pakistan’s economy has improved significantly in recent years, thanks to which the country is moving towards economic stability.
Positive ratings from government policies and international agencies indicate an improvement in Pakistan’s economy, which has led to foreign investment and a stable stock market.
Prominent business figures have expressed their views on Pakistan’s economic stability. Atif Akram Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry, said that all indicators are positive, the economy is stable, investment is coming in immediately and the stock exchange is at its peak.
Atif Akram Sheikh said that the interest rate has come down considerably, where it was 23 percent, today it has come down to 13 percent.
I think it will come down further. The inflation rate has come down significantly, which is now less than five percent, due to which the situation is improving further.
The government has a stable policy, thanks to which people’s confidence has returned.
CEO TABA Group Muhammad Ali TABA said first of all, I congratulate the government that after a long time, the economic situation in Pakistan is improving and becoming stable.
The indicators of economic prosperity are positive, including your current account surplus, the currency is stable and inflation is coming down, along with a significant reduction in interest rates.
Muhammad Ali TABA said that the stock market is stable and is performing very well, earlier the market capitalization was twenty-five billion dollars,
Now, Masha Allah, it has increased to fifty billion dollars. Abdul Aleem said that according to international agencies, Pakistan’s rating has improved significantly.
The business confidence of foreign investors has also improved, which has resulted in some improvement in Pakistan’s rating.
There has been a great improvement in the outlook of foreign investors, which was negative earlier and has now become positive.
OICCI CEO Abdul Aleem said that Pakistan’s economy, which has gone through a crisis and moved towards stability, has started showing all its effects. Our foreign exchange reserves have increased from three billion dollars to twelve billion dollars.
The State Bank has cleared all the dividends and remittances of our foreign investors that were stuck.
Ahsan Malik, CEO of the Pakistan Business Council, said that Alhamdulillah, economic stability is once again coming to Pakistan and this is the result of the hard work of the interim government and the current government.
Of course, the IMF program, low fuel prices, and increasing remittances play a major role in this.
