Press Release

Sheikh Khalid Tawab appreciates restoring macroeconomic stability

Sheikh Khalid Tawab appreciates restoring macroeconomic stability(Karachi P.R. 7th Nov, 2016) Sheikh Khalid Tawab (S.I), Senior Vice President (SVP), Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has congratulated the Prime Minister of Pakistan Mian Muhammad Nawaz Sharif and Finance Minister Senator Muhammad Ishaq Dar for initiating prudent economic policies soon after assuming their offices in 2013 which have now yielded fruitful results and led to restore macroeconomic stability and strengthen the economy’s resilience of Pakistan.

The SVP of FPCCI also referring to the letter written by Christine Lagarde, Managing Director, International Monetary Fund (IMF) to the Prime Minister after her recent visit to Pakistan on the occasion of successful completion of pre and post conditionalities of IMF-Supported Economic Reform Program of US$ 6.4 billion and said that Pakistan is out of economic crisis. At present, the economic growth of Pakistan is improving, the inflation is declining and the fiscal deficit is reducing. she has also appreciated the PM and his colleagues for achieving the macroeconomic fundamentals under their dynamic and leadership and offered her and IMF full support to Pakistan in its endeavors of economic prosperity.

He said, “It is heartening to express my pleasure that now the government plan to continue pushing ahead with these reforms to facilitate a deeper structural transformation of the economy and set it on a path of higher sustainable and more inclusive growth as it is a pre-requisite to attract international investors in potential areas of industrial and investment opportunities”.

Acting Secretary General