Efforts underway to make nuclear Pakistan an economic power: Dar

ISLAMABAD
Deputy Prime Minister and Foreign Minister Ishaq Dar on Thursday said that the government was making all-out efforts to accomplish Pakistan’s journey from nuclear to economic power and regain its lost stature in the world. The deputy prime minister, addressing a news conference, gave a roundup of the government’s efforts to bring economic stability and enhance Pakistan’s diplomatic footprints through bilateral and multilateral engagements with the latest one being the beginning of country’s two-year term as non-permanent member of the United Nations Securit Council for years 2025-26.
Highlighting the high-level exchanges, and Pakistan’s participation in and hosting of international events, he said the incumbent government had strived to enhance Pakistan’s diplomatic footprint during its first 10 months, which led to the burying of the impression of an “isolated Pakistan.” The deputy prime minister said that the PML-N-led coalition government inherited huge challenges of around 25% policy rate, slow GDP growth and skyrocketing inflation. However, the government’s prudent economic policies downed the policy rate to 13%, inflation below 5%, and remittance, foreign exchange reserves and exports on the rise.
Ishaq Dar told that following Prime Minister Shehbaz Sharif’s visits and effective engagements with the leadership of the UAE, Saudi Arabia, Kuwait and Azerbaijan, there were indications of around $29 billion investment in coming to Pakistan. He highlighted Pakistan’s participation in the Nuclear Energy Summit, World Economic Forum in Saudi Arabia, OIC summit in Gambia, the visit of Saudi foreign minister, Iran’s president late Ebrahim Raisi and his foreign minister, and that during all interactions Pakistan effectively raised the issue of Kashmir and ongoing Israel’s genocide of Palestinian population.