ISLAMABAD: Pakistan’s Deputy Prime Minister and Foreign Minister Ishaq Dar said on Thursday that Pakistan has huge potential to join G-20 countries through structural reforms in the country’s economy. The government is completely committed to structural reforms in the nation’s economy by capital market and corporate sector regulation for sustainable economic progress and development, he added.
Ishaq Dar said this while addressing the Ground Breaking Ceremony of the Head Office Building of the Securities and Exchange Commission of Pakistan (SECP), along with Finance Minister Muhammad Aurangzeb.
Deputy PM said today is a very special day on the occasion of laying the foundation stone of Security and Exchange Commission of Pakistan (SECP). The Minister rejected the way of conventional diplomacy and stated that this is the time of economic diplomacy through which “We can explore new potential markets for our exports”. He said that there was no need to worry as Pakistan was on its way to financial stability. He added that there was a strong need to curb negative behavior in society. Ishaq Dar also also warned that elements are present in and outside Pakistan, who want it to end up as a default state. “On the other hand, the government of Pakistan is working on a single agenda and that is to save the nation from bankruptcy,” the Minister added. Dar vowed that they are strongly facing all the challenges. He claimed that the inflation rate had decreased from 30 percent to 10 percent in the country.
“We fought bravely for around 15 months to save Pakistan from bankruptcy and eventually we succeeded. There is no need to worry even when the country’s foreign debt has raised to around 130 billion dollars,” Dar added.
