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

Taliban Makes It Official

As Afghanistan nears the fourth anniversary of the Taliban takeover, Akhundzada, ruling largely from Kandahar, ordered ministers to drop the “caretaker” tag….reports Asian Lite News The Taliban’s reclusive supreme leader, Mullah Hibatullah

India’s Space Hero Back

Shukla was part of the Axiom-4 private space mission, which lifted off from Florida on June 25 and docked at the ISS on June 26…reports Asian Lite News Indian astronaut Shubhanshu Shukla

No deal but ‘progress made’, says Trump

President Putin praised Trump’s efforts to facilitate dialogue and reaffirming that Ukraine’s security must be guaranteed. US President Donald Trump and Russian President Vladimir Putin concluded a landmark summit in Anchorage, Alaska,

UAE celebrates India@79

Indian expats in Abu Dhabi and Dubai marked India’s 79th Independence Day with flag-hoisting, cultural performances, and heartfelt tributes, celebrating decades of deep UAE–India friendship….reports Asian Lite News The colours of saffron,

India and America are a strange couple

No Indian leader has ever been so fond of an American President as Modi has been of Trump, writes Mihir Bose India and America have always had a curious love affair. They
Go toTop

Don't Miss

Imran Khan, Wife Jailed for Corruption

The verdict, initially scheduled for December 23, was postponed due

Bilawal unveils draft constitutional amendments, seeks public feedback

Bilawal Bhutto proposed the establishment of a Federal Constitutional Court