Pakistan heading in right direction, no risk of default: Dar

Islamabad: Finance Minister Ishaq Dar Wednesday said that Pakistan is heading in the right direction and it will not default despite fake speculations by opposition, while addressing Pakistan Stock Exchange (PSX) ceremony in Islamabad.

He urged political parties to show some serious attitude and should not play with the country's economy for petty political gains.

The Minister stated: “The Stock Exchange and Securities and Exchange Commission of Pakistan are of great significance in improving country's economy; therefore, we are focused to improve their functioning”.

Ishaq stated that the inputs of business community will be acknowledged for this purpose.

He further stated, “The restraints on imports are aimed at saving economy,” adding that we have not banned imports but prioritized import items under different categories so the essential items can be imported on priority basis.

Listing the essential items, he stated, “The essential items including medicine and edible oil have been put in category one, energy imports in category two, imports for export oriented industry in category three while imports for agricultural industry in category four”.

The Minister concluded that we should learn from the mistakes of past and work together for the development of the country.