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

Previous Story

Women breaking stereotypes in gaming

Next Story

Arun Subramanian becomes first South Asian judge at New York court

Latest from -Top News

Iraq Draws a Line With Trump

Iraqi Prime Minister Ali al-Zaidi has told US President Donald Trump that Baghdad will not allow its territory to be used to launch attacks against neighbouring countries, as the government seeks to

China’s Climate Crisis Threatens South Asia

China accounts for nearly 33 per cent of global greenhouse gas emissions, raising concerns over the climate risks facing vulnerable neighbours such as Nepal, Bhutan and Bangladesh….reports Asian Lite News Desk China’s

Escape plans for the rich, despair for Pakistan’s poor

Pakistan’s ruling elite is allegedly securing overseas escape routes as millions struggle with poverty, hunger and economic uncertainty….reports Asian Lite News Desk Pakistan’s ruling elite is preparing to secure its escape abroad

Taliban Opens Doors, World Holds Back

Several countries are expanding diplomatic engagement with Afghanistan’s Taliban authorities through non-resident ambassadors and special representatives…reports Asian Lite News Desk Diplomatic outreach to Afghanistan’s Taliban authorities has continued to grow, with several

Bangladesh Faces Global Outrage Over Garment Worker Crackdown

International rights organisations have condemned alleged police violence against garment workers protesting for higher wages in Bangladesh….reports Asian Lite News Desk International human rights organisations have condemned the alleged violence and police
Go toTop

Don't Miss

Seven Schools Shut As Pakistan’s Education Crisis Bites

Seven government girls’ primary schools have closed in Pakistan’s Khyber

China, Pakistan are neighbours with shared future: Xi

Xi said that China and Pakistan “are close neighbours linked