March 8, 2023
2 mins read

Pakistan has averted default, Army Chief soothes businessmen

The Pak Army chief sounded optimistic throughout the meeting and exuded confidence that the current economic difficulties would be overcome….reports Asian Lite News

Pakistan Army chief General Asim Munir, in a meeting with the top 10 businessmen of the country assured them in the presence of Finance Minister Ishaq Dar that the worst is behind us, the country has overcome the possibility of default and we will prevail as a nation, The News reported.

The Pak Army chief sounded optimistic throughout the meeting and exuded confidence that the current economic difficulties would be overcome. He asked the businessmen to stay firm and confident, The News reported.

Pakistan Finance Minister Ishaq Dar

According to a source, the army chief told the top businessmen representing different sectors that nations face difficult times and we are also facing tough times, but the worst is behind us and we will prevail. General Asim repeatedly referred to Islamic teachings to assure his audience that Pakistan will successfully overcome the present testing times.

One of the participants, who attended the meeting but insisted to remain anonymous, said the businessmen had requested the army chief for this meeting. Finance Minister Ishaq Dar was invited by the army chief to attend the session, which was termed very successful by the businessmen, The News reported.

The businessmen were told by the army chief and the finance minister all prior conditions of the IMF had been met and the deal was expected to be done within days. The meeting was told the IMF has asked that agreements with friendly countries for the provision of dollars to boost the country’s foreign exchange reserves should also be documented.

The businessmen were told commitments had been secured from friendly countries for investments in agriculture, mining and IT. The government expects advanced equity from these countries. It was said the civil and military leadership acted in tandem for securing these commitments, The News reported.

The businessmen conveyed to the army chief the nation expected the military would not allow polarisation and chaos to deepen any further.

The source said the army chief said the military was playing its role and trying to develop unanimity.

Ten businessmen — five each from Lahore and Karachi — met the army chief, The News reported.

ALSO READ: Pakistan suffers fallout from Taliban resurgence

Previous Story

Women breaking stereotypes in gaming

Next Story

Arun Subramanian becomes first South Asian judge at New York court

Latest from -Top News

Mass Expulsions Close Afghan Shops in Pakistan

As Pakistan intensifies its mass deportation drive against Afghan refugees, the once-bustling Afghan-owned businesses in Rawalpindi are falling silent. With the March 31 deadline for repatriation passed, a growing number of Afghan-run

South Korea Sets June 3 Presidential Election

South Korea will hold a presidential election on June 3, the government confirmed on Tuesday, setting the stage for a new leadership following the impeachment and removal of former President Yoon Suk

RPP Rallies for Return of Nepal’s Monarchy

Police on alert as royalist rallies return to the capital Kathmandu witnessed heightened tensions on Tuesday as the pro-monarchy Rastriya Prajatantra Party (RPP) staged a high-profile demonstration demanding the reinstatement of Nepal’s
Go toTop

Don't Miss

Pakistan’s inflation climbs to 24.9% in July

In a bid to control surging inflation in the country,

NAWAZ 4.0: PAKISTAN ARMY’S NEW SAFE BET

Analysts are unanimous in noting that Nawaz lowered his attacks