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

Putin, Trump Hold Call on Ukraine

During the discussions, Trump briefed Putin about the dialogue he had with Ukrainian President Volodymyr Zelensky…reports Asian Lite News Russian President Vladimir Putin and US counterpart Donald Trump spoke by phone on

India’s Healing Touch Reaches Guyana

The initiative, backed by the Indian High Commission in Georgetown, stands as a testament to India-Guyana friendship …reports Asian Lite News Fulfilling Prime Minister Narendra Modi’s pledge, India has delivered artificial limbs

Doval Meets Wang Yi in Delhi

The meetings could see both sides deliberate on a range of key issues, including the border situation, trade and resumption of flight services….reports Asian Lite News National Security Advisor Ajit Doval met

Gang Violence, Khalistan Extremism Put Canada on Edge

gang-driven extortion and Khalistani extremism, threatening public safety, community trust, and bilateral ties with India…reports Asian Lite News Canada is grappling with a nexus of gang-led extortion and Khalistani extremism that threatens
Go toTop

Don't Miss

Pakistan secures IMF $3bn bailout

The global lender’s announcement on Wednesday came just weeks after

Dollar crunch hits Pakistan

The association lamented that due to lack of foreign currency,