Zafar Bakhtawari (Former President ICCI): In the current economic situation when every individual is worried about the future of the country, the Army Chief General Asim Munir has taken initiative to improve the economy of the country. The business community has expressed full confidence on the initiative taken by Gen Asim Munir. Due to certain measures, the dollar is losing its value against the Pak rupee. One of the main reasons of economic crisis in Pakistan is signing of costly IPP agreements in the past. Many gulf countries have expressed willingness to invest in Pakistan but the government should be careful in signing the agreements to avoid debt burden. The government needs to take concrete steps to stop smuggling of different commodities to Iran and Afghanistan. In its place, we must promote legal trade with both the countries.
Malik Bostan (Chairman, Exchange Companies Association of Pakistan): The steps taken by army chief General Asim Munir for revival and improvement of economy are very vital. Pak Army leadership has assured the business leaders that all the bottlenecks in the improvement of economy will be removed. In addition, steps will be taken to curb smuggling, power theft and speculation in foreign exchange rates. The whole business community stands shoulder to shoulder with Army Chief in this daunting task. A foreign investment of 25 to 30 billion dollars is expected in the coming months and years from Saudi Arabia, UAE and other friendly countries. The steps taken to stop the speculation in the foreign currency markets have helped bring down the value of dollar against Pak rupee. In the coming weeks, the price of dollar is likely to fall further.