Friday, 22 November 2019, 09:30:43 am
Structural reforms key to stabilize Pakistan's economy: Analysts
June 15, 2019

Dr. Aliya H. Khan (Economist):


It is good news that ADB expressed willingness to support government's structural reforms agenda. It will also support Pakistan in attracting Foreign Direct Investment in the country. All the structural reforms have been recommended by Economic advisory council. It is good development that ADB professionals will work with the government to ensure the best implementation of structural reforms. The incumbent government is focused on bringing structural reforms in an effort to stabilize Pakistan’s economy by getting out of the debt recycling circle.

Dr. Abid Qayyum Sulehri (Economist):


Pakistan has taken necessary action prescribed by the Financial Action Task Force in order to get out from grey list. Government is consistently working to address the concerns of FATF. The IMF grants Letter of Comfort to a country after bailout package, as this letter is mandatory for starting any negotiations for financial assistance with global financial institutions like the World Bank and Asian Development Bank. ADB will give policy loans to Pakistan only after getting letter of comfort on economy's assessment by IMF.

Dr. Noor Fatima (Economist):


Despite Indian conspiracies, Pakistan made tremendous progress on curbing money laundering and terrorism financing. The measures taken by the government in budget will also be helpful in meeting the requirements of FATF. After the agreement with IMF for bailout package, the ADB also approached the Pakistani government to express interest in structural reforms as we have met the pre-requisite of IMF bailout package. Another good step taken by the government is amnesty scheme. The people should take full advantage of this scheme and declare the undisclosed assets.