(Sept 26-2022)
Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Monday welcomed the return of Senator Ishaq Dar to Pakistan after a gap of five years.
The news of the return of Senator Ishaq Dar has given hope to the business community and the rupee has started to strengthen while the stock market has also increased by four hundred points, he said.
Mian Zahid Hussain said that the business community is regaining confidence and the majority believe that the return of Ishaq Dar will be a breath of fresh air for the country’s faltering economy.
Talking to the business community, the veteran business leader said that the country needs an economist like Ishaq Dar more than ever before in the present critical situation.
Former Finance Minister Miftah Ismail has also rendered valuable services to the country during the last four months. He saved the country from bankruptcy in the most difficult situations, but he could not gain the trust of the people and party leaders due to rising inflation.
The business community hopes that Ishaq Dar will reverse the process of fall of the economy at the hands of inexperienced people, bring positive reforms, try to reduce inflation, and stop the smuggling of dollars and depreciation of the rupee, he observed.
The business leader said that failed government institutions will be closed while electricity and gas losses will be eliminated by the Dar.
Mian Zahid Hussain said that rulers had realized that so many experiments have been done on the economy in the last few years and now cannot bear the burden of more experiments.
The economy needed an expert who can restore it and that is why Ishaq Dar is returning to the same position from which he was expelled because there was no other option.
He will be given the key portfolio of the finance ministry and is expected to steer the country out of the crisis.
Mian Zahid Hussain said that Pakistan is currently suffering from the ravages of floods. A third of the country is submerged and millions of people have lost their lifetime savings.
The country’s agriculture has been devastated by the worst floods in the country’s history, while the industrial sector has also suffered heavy losses and the future of the textile sector is at stake.
The problem of food security has also become serious due to the flood and the country has lost at least thirty billion dollars while the attitude of the international community is not as expected despite being positive.
In these circumstances, the return of Ishaq Dar can prove to be a pleasant change for the country.
