KARACHI
\nMian Zahid Hussain, President Pakistan Businessmen and Intellectuals Forum & All Karachi Industrial Alliance, Chairman National Business Group Pakistan, Chairman Policy Advisory Board FPCCI, and Former Provincial Minister Information Technology, said today that Pakistan\u2019s diplomatic resurgence is now translating into tangible economic confidence, validated by two historic developments in Davos: the country\u2019s entry into President Trump\u2019s \u201cBoard of Peace\u201d and the IMF Managing Director\u2019s exceptional praise for Prime Minister Mian Shehbaz Sharif.
\nSpeaking to the business community, Mian Zahid Hussain highlighted the significance of the meeting between Prime Minister Shehbaz Sharif and IMF Managing Director Kristalina Georgieva.
\nHe noted that for an IMF chief to publicly state that when the Prime Minister gives his word, \u201cit gets done\u201d, is a rare and powerful endorsement of the country\u2019s fiscal discipline.
\nHe stated that Ms. Georgieva\u2019s acknowledgment\u2014that Pakistan is finally seeing \u201cbudget discipline translating into resources\u201d\u2014is a clear signal to global credit rating agencies that the country has successfully exited the danger zone of default and is now on a trajectory of sustainable growth.
\nThis vote of confidence, he argued, will directly lower the risk premium on Pakistani sovereign bonds and encourage foreign direct investment.
\nThe veteran business leader also drew special attention to the \u201coptics of power\u201d displayed at the Board of Peace launch ceremony in Davos. He termed the specific interaction between US President Donald Trump and Field Marshal Asim Munir as a diplomatic coup.
\nMian Zahid Hussain pointed out that when President Trump publicly asked the Prime Minister Shahbaz Sharif, \u201cWhere is my favorite Field Marshal?\u201d and acknowledged the Army Chief with such personal warmth, it demonstrated a restoration of the strategic trust between the two nations\u2019 security establishments.
\nMian Zahid Hussain emphasized that in the world of geopolitics, such personal rapport between leaderships is often the precursor to major economic concessions.
\nHe analyzed that President Trump\u2019s visible regard for Field Marshal Asim Munir serves as a \u201csecurity guarantee\u201d for international investors, signaling that Pakistan\u2019s stability is backed by a renewed partnership with Washington.
\nHe urged the government to leverage this unique civil-military alignment with the US to secure favorable terms for the upcoming reconstruction projects in Gaza and to fast-track the negotiation of a Free Trade Agreement (FTA) with the United States.
\nMian Zahid Hussain concluded that the combination of the IMF\u2019s fiscal validation and the US President\u2019s political backing has provided Pakistan with a \u201cgolden hour\u201d of opportunity.
\nHe called on the business community to prepare for a surge in joint ventures, as the \u201ctrust deficit\u201d that previously hampered Pakistan\u2019s economy has been effectively bridged by the leadership in Davos.<\/p>\n","protected":false},"excerpt":{"rendered":"
KARACHI Mian Zahid Hussain, President Pakistan Businessmen and Intellectuals Forum & All Karachi Industrial Alliance, Chairman National Business Group Pakistan, Chairman Policy Advisory Board FPCCI, and Former Provincial Minister Information Technology, said today that Pakistan\u2019s diplomatic resurgence is now translating into tangible economic confidence, validated by two historic developments in Davos: the country\u2019s entry into […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-527900","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n