Pakistan’s economy moving in right direction: DPM

Pakistan’s economy is steadily moving in the right direction, according to Deputy Prime Minister and Foreign Minister Muhammad Ishaq Dar, who expressed optimism about the country's economic trajectory during a recent address at the Hazrat Bari Imam Shrine. He credited the efforts of the PDM-led government, highlighting its role in pulling Pakistan away from the edge of economic collapse and redirecting it toward stability.

Ishaq Dar recalled that Pakistan was once ranked the 24th largest economy in the world back in 2017, but fell drastically due to inflation, poor planning, and unstable governance. However, he believes that with renewed efforts and effective management, the country is on track to rejoin the league of dignified nations and potentially become a part of the G-20 countries in the future.

He emphasized that Pakistan is blessed with immense mineral resources including gas, gold, copper, and precious stones. These natural reserves, according to Dar, are worth hundreds of billions of rupees, yet remain underutilized. He stated that proper exploration and extraction of these resources could transform the country’s economic landscape and significantly boost national revenue.

Dar also criticized the performance of the PTI government, claiming that it pushed the country towards diplomatic isolation and worsened the economic crisis. He asserted that the country faced serious threats of default and bankruptcy, which were only reversed through timely interventions and economic reforms introduced by the current administration.

In closing, the Deputy PM reiterated his belief that Pakistan has now re-entered a phase of economic recovery and that the nation is poised for growth, stability, and global respect. His remarks come at a time when positive indicators, such as declining inflation and policy reform, are beginning to reflect in the country's financial data—further signaling a shift in momentum.

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