Pakistan on its way to become world’s 18th best economy: Ishaq Dar

KARACHI: Finance Minister, Ishaq Dar on Wednesday said those who used to call Pakistan ‘bankrupt’ have been shut down for good and vowed to transform the country into world’s 18th best performing economy.

“Pakistan’s budget deficit will be further curtailed in the coming three years,” he expressed the resolve while addressing the launching ceremony of Islamic Index here at Karachi Stock Exchange.

Earlier, the Finance Minister rang the conventional bell and let the trade begin.

Expressing his contentment over the performance of the State Bank of Pakistan (SBP), he identified Islamic banking as a challenge and added that the government was working towards its promotion as well as serving the country at large.

Terming the introduction of the Islamic Index as a milestone, Ishaq Dar said the new index will cast a positive impact on the stock exchange.

He said investment in Islamic banking will yield positive results for the stock market of the country.

Later, talking to media men, Ishaq Dar said the government will extend its all out cooperation to the traders and encourage them to invest in Islamic banking.

He said the economic indicators have shown positive growth while the country’s foreign exchange reserves have witnessed a record leap.