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Pakistan’s liquidity crisis staved off: Minister

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ISLAMABAD, Nov 01 (INP-WealthPK): Members of the banking fraternity met with the Minister for Finance and Revenue, Senator Ishaq Dar. Issues related to finance, economy and business were discussed. Special Assistant to the Prime Minister (SAPM) on Finance Tariq Bajwa, SAPM on Revenue Tariq Pasha, Governor of the State Bank of Pakistan, Jameel Ahmad, officers from the Finance and Economics Ministry, and Presidents and CEOs of leading banks were present at the meeting.

Dar told the dignitaries of the policies of his government to revive business activities in the country. He told them that their positive role was very important in reviving the economic conditions of the country.   He told them that the liquidity crisis has been staved off because of the prudent measures of the federal government. “The government is fully solvent and ready to implement long-term policies for the growth of the country. Pakistan will fulfil its international commitments on time. Pakistan is a sovereign country and it intends to honour its international agreements,” he said.

He urged the banking community to play its role in reviving the economy of the country. Financial institutions, he said, served as the backbone of modern economies.

The leading bankers of Pakistan reposed full confidence in the government’s macroeconomic policies and assured the finance minister of their full support for the prosperity of Pakistan.

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  • FD News

    Financial Daily (FD) is an emerging media outlet providing news reports, analysis and features especially related to politics and economy. FD is currently one of the largest and most comprehensive private-sector information portals in Pakistan, providing its readers with apolitical, unbiased and fact-based news reports and analyses.

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