- PM’s recent visits to UAE, KSA, Kuwait and Azerbaijan to bear fruit in shape of $29b investment soon: DPM
- Claims prudent economic policies downed policy rate to 13%, inflation below 5%, and give rise to remittance, foreign exchange reserves and exports
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.
DPM Dar, 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 Security 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.
DPM Dar told the media 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. Pakistan’s consistent efforts at the OIC summit in Gambia led to the appointment of OIC envoy on Islamophobia.
He said Pakistan was among the very few countries that strongly advocated the implementation of UN resolutions on Palestine and ICJ ruling on the issue, besides condemning Israel’s barbarism against innocent people.
He said that besides hosting Palestinian medical students, Pakistan also dispatched relief aid to Gaza, Syria and Lebanon.
The deputy prime minister’s presser also encompassed Pakistan’s participation in D-8 summit and appointment of Ambassador Sohail Ahmed as its secretary general, PM Shehbaz’s visit to China and Kazakhstan, participation in UN General Assembly session, where he highlighted Kashmir and Gaza issues besides interacting with dozens of world leaders.
Regarding his multiple interactions with UK Foreign Secretary David Lammy, he said a UK monitoring team was about to visit Pakistan in January which may follow the resumption of PIA flights to the UK, as the EU had already lifted the ban on the national flag carrier.
