Dar vows to steer Pakistan out of economic challenges

Islamabad: Finance Minister Ishaq Dar Saturday vowed to collectively steer the country out of current economic challenges.

Talking to a delegation of Karachi Chamber of Commerce and Industry, he said the government will come up with new ideas in the weeks to come for the long term economic improvement.

The Finance Minister stated: “We will bring agriculture revolution, establish a sovereign wealth fund and the IT sector will be focused. We will do the things which were ignored in the past”.

“The delay in International Monetary Fund (IMF) program is unprecedented as there is no technical reason behind it,” added Dar.

Finance Minister once again ruled out the default and regretted the statements being made by certain elements within the country in this regard.

He continued to say that Pakistan is a solvent country having assets worth trillions of dollars.

“Our external liabilities are around one hundred billion dollars but at the same time our only one asset of gas infrastructure is about forty to forty five billion dollars. There is no need to worry,” he assured.

The minister asked the business community to put forward their reasonable demands with regards to the upcoming budget, assuring the government will cooperate with them.