Saturday, 14 September 2024, 03:08:11 am

 
Analysts appreciate dedicated measures of incumbent government to improve economy
October 06, 2023

Hamayun Iqbal Shami (Chairman, Pakistan Economic Forum): Undoubtedly, we are consistently hearing positive economic news each day. These favorable developments have been made possible thanks to the proactive involvement of the Army Chief. The military leadership initiated a rigorous campaign against smuggling and money laundering, leading to a decline in the dollar exchange rate and a strengthening of the rupee against it. If this momentum persists, I am optimistic that the dollar rate could potentially decrease to 150.

Dr. Noor Fatima (Economist): Currently, there are positive trends in economic indicators, which is a welcome development. During his address at the UN General Assembly, the Caretaker Prime Minister presented a comprehensive vision for Pakistan, emphasizing the nation's pursuit of economic stability. Pakistan has been engaged in a significant battle against terrorism, and as a consequence, has experienced economic challenges. Nevertheless, Pakistan has consistently expressed its commitment to promoting regional stability.As a major participant in the China-Pakistan Economic Corridor project, Pakistan has extended invitations to Afghanistan, Central Asian states, and even India to join this transformative initiative. The recent depreciation of the dollar against the rupee is expected to contribute to reducing inflation throughout the country. To ensure economic stability, it is crucial for the government to maintain its crackdown on smugglers and money launderers.