ISLAMABAD, Aug 1: Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar said on Wednesday that Pakistan has huge potential to join G-20 countries through structural reforms in the country\u2019s economy.
\nThe government is fully committed to structural reforms in the country\u2019s economy by capital market and corporate sector regulation for sustainable economic development, he said.<\/p>\n
Foreign Minister Mohammad Ishaq Dar said this while addressing the Ground Breaking Ceremony of the Head Office Building of the Securities and Exchange Commission of Pakistan (SECP), along with Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb here.
\nDeputy Prime Minister said today is a very special day on the occasion of laying the foundation stone of Security and Exchange Commission of Pakistan (SECP) \u201cI still remember that, \u201cWe have a huge journey for evolving capital market and corporate sector reforms in the economy from 2013 to 2017 in the country.
\nHe said that SECP \u2018s energetic and committed team in 2013 fully supported the government vision and executed the government reform vision for SECP and regulation of the corporate sector.
\nIshaq Dar said that in the previous government of PML-N, \u201cWe have had a huge challenge and resistance faced for establishing an integrated Pakistan Stock Exchange (PSX) in the country and the government was successful and established the PSX which was a huge achievement.<\/p>\n
He said that after the new integrated stock exchange, the PSX has achieved the status of the fist most efficient stock exchange of South Asia and 5th in the world.<\/p>\n
Deputy Prime Minister said that bilateral trade, structural reforms and Foreign Direct Investment are top priorities of the government for achieving these goals,\u201dwe need to take on board all stakeholders.\u201d
\nMeanwhile, he rejected the way of conventional diplomacy and said that this is the time of economic diplomacy through which \u201cWe can explore new potential markets for our exports.
\nDar said that Pakistan is a liquidity-shortened country but the country has an abundance of tested and certified natural reservoirs of minerals, which have a proven cost of $ 10,000 billion.
\nHistorically Pakistan has faced the twin\u2019s deficits in the shape of both fiscal and foreign account and these are manageable through comprehensive planning and economic reforms.
\nHe said that,\u201d We need to streamline these natural recourses and also explore it for the sustainable economic development in the country.\u201d
\n He said that Pakistan has a bright future and in 2017 ,we worked on economic reforms and the country\u2019s economy evolved as 24th biggest economy of the world, which is again down in the ranking of 48th.
\nDar said that during our government in 2017, Pakistan\u2019s economic indicators portrayed good by the international rating agencies as we have record foreign exchange reserves and food inflation have been on 2 %.
\nIshaq Dar said that Ease of Doing Business (EODB) is necessary for bringing the foreign direct investment to the country and for this SIFC\u2019s role is pivotal.<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD, Aug 1: Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar said on Wednesday that Pakistan has huge potential to join G-20 countries through structural reforms in the country\u2019s economy. The government is fully committed to structural reforms in the country\u2019s economy by capital market and corporate sector regulation for sustainable economic development, he […]<\/p>\n","protected":false},"author":2,"featured_media":419839,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":{"0":"post-422083","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-top-news"},"yoast_head":"\n