ISLAMABAD, March 4 (Alliance News): Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar on Tuesday underscored the need for collective efforts in driving Pakistan’s economic growth, emphasizing the country’s resilience and abundant natural resources worth at least $10 trillion.
Speaking at the groundbreaking ceremony of the Competition Commission of Pakistan’s (CCP) new office, Dar recalled that in 2013, Pakistan was considered macroeconomically unstable, with projections of default within six to seven months.
However, through economic reforms, Pakistan completed its first IMF program by 2016, stabilizing key indicators, reducing inflation to 3.9%, and achieving record-high foreign reserves.
He highlighted Pakistan’s past ranking as the 24th largest global economy, stating that by 2030, the country could enter the G-20 if economic progress continues. Dar criticized those who, he claimed, wish to see Pakistan struggle economically due to its nuclear and defense capabilities.
Marking one year of Prime Minister Shehbaz Sharif’s government, he pointed to major diplomatic successes, including hosting the Shanghai Cooperation Organization (SCO) summit and an international conference on girls’ education.
Dar also emphasized the CCP’s role in regulating cartels and acting as a de facto consumer protection body in the absence of strong consumer rights organizations in Pakistan.
