Deputy prime minister says current government is focused on enhancing bilateral trade and increasing exports, with the primary agenda of the PDM government being to prevent the country from going bankrupt
ISLAMABAD: (UrduPoint/Pakistan Point News-August 1st, 2024) Deputy Prime Minister Ishaq Dar on Thursday reassured that Pakistan’s $130 billion foreign debt should not be a cause for concern, saying that Pakistan had substantial economic potential.
Ishaq Dar stated that the current government is focused on enhancing bilateral trade and increasing exports, with the Primary agenda of the PDM government being to prevent the country from going bankrupt.
He was addressing an event in Islamabad on Thursday.
Dar highlighted that despite Pakistan's $130 billion foreign debt, the country’s economy holds significant potential. He mentioned that developmental projects are underway despite limited resources, and reforms are essential for economic growth. The government is addressing various challenges, he added.
He also noted that inflation has decreased from 30% to 10%, and while there are opportunities for economic development, removing obstacles is crucial. Dar emphasized the efforts made for the integration of stock markets, citing the successful merger of the three stock markets in 2016.
