Monday, 04 July 2022, 11:20:25 am
Analysts hail trust of overseas Pakistanis on policies of incumbent government
June 22, 2022

Mirza Ishtiaq Baig (Economist): Roshan Digital Account Scheme is very popular among the overseas Pakistanis. The recent inflow of record 57 million dollars in a single day through this scheme reflects the trust of Pakistanis living abroad on the economic policies of the incumbent government. In near future, the level of remittances through Roshan Digital Account will cross five billion dollars. Unfortunately, the foreign direct investment remained very low during the last three years, but with agreement reached with IMF a huge increase in foreign investment is anticipated that will definitely strengthen the economy.

Humayun Iqbal Shami (Economist): The recent inflow of a huge amount in Roshan Digital Account is of course a symbol of confidence in present government’s policies. Furthermore, the announcement of loan facility extended by Chinese consortium of banks will enhance the credibility of government and will have an overall positive impact on economy of the country. Pakistan needs to minimize its dependence on foreign loans. In prevailing economic situation, the accord with IMF is very important to support the ailing economy and importantly to enhance credibility of country worldwide. We expect that the economy of country will improve in coming days by policies of the incumbent government. 

Dr. Zahid Anwar Khan (IR Expert): Pakistan has always been helping its Afghan brethren in every hour of need. Yesterday’s devastating earthquake in Paktika province of Afghanistan resulted in loss of lives and properties. The people of Pakistan stand with Afghan people in this difficult time. Pakistan has also sent relief goods to help the people who were affected by this earthquake. In addition, Pakistan has also been hosting millions of Afghans and both countries enjoy long term relations based on shared religion, culture and values.