ISLAMABAD: Federal Finance Minister Ishaq Dar, while giving a policy statement on the floor of the House, has claimed that due to the government’s solid measures, the international agencies have acknowledged that the country’s economy is back on track and Pakistan has made progress in the last few months.
He said the international agency, Bloomberg, in its report had appreciated the achievements of the government despite the sit-ins and protest in the country. According to the Bloomberg, he said that the government had managed to turn around the economy after political disturbance in the middle of the last year by some opposition parties.
Likewise, Moody’s has also declared Pakistan’s economy rating from stable to positive category due to its sustainable foreign currency reserves and stability of its Bonds in the international market.
He said the International Bank for Reconstruction and Development (IBRD) had also allowed Pakistan to deal with it for any loan due to an improvement in macroeconomic indicators. Turning to the Islamic banking, the finance minister said that the Steering Committee for Promotion of Islamic Banking had presented its interim report. “The committee has sought time up to December 31, 2015 to present final report in this regard,” he said.
