Pakistan’s Economy Shows Remarkable Improvement, Business Leaders Highlight Economic Stability

In recent years, Pakistan’s economy has experienced significant growth, signaling a move toward economic stability. Positive government policies and favorable ratings from international agencies suggest that the country’s economic outlook is improving, leading to a rise in foreign investments and a more stable stock market.

Prominent business figures have shared their views on Pakistan’s economic progress. President of the Federation of Pakistan Chambers of Commerce and Industry, Atif Akram Sheikh, expressed optimism, stating that all economic indicators are positive, with the economy stabilizing, immediate investment pouring in, and the stock exchange reaching new heights. He further highlighted that interest rates, which were once at 23%, have now been reduced to 13%, and inflation has significantly dropped to below 5%.

CEO of Tuba Group, Muhammad Ali Tuba, congratulated the government for its efforts in improving Pakistan’s economic conditions. He noted that key economic indicators such as a current account surplus, a stable currency, and decreasing inflation are contributing to the country’s growth. Tuba also mentioned the remarkable growth of the stock market, which has doubled its market capitalization from $25 billion to $50 billion.

CEO of OICCI, Abdul Aleem, discussed how Pakistan’s economy, after overcoming a crisis, is now steadily progressing. He pointed out the increase in foreign exchange reserves from $3 billion to $12 billion and emphasized that the State Bank had cleared foreign investors’ dividends and remittances.

Ahsen Malik, CEO of Pakistan Business Council, also acknowledged the government’s efforts in restoring economic stability. He credited the improvement to the IMF program, reduced fuel prices, and growing remittances.

With a promising outlook for the future, Pakistan is showing clear signs of economic recovery and growth.