Business

Dar says reforms put economy on track

ISLAMABAD: Finance Minister Ishaq Dar has said that economy of the country has been put back on the right track due to the far-reaching structural reforms, stabilization measures and initiatives of the past 21 months.    

Delivering a key-note address at the Third Pakistan-US Business Opportunities Conference in Islamabad today, the minister said Pakistan has by now successfully completed six reviews under the 6.64 billion dollar Extended Fund Facility of IMF enabling it to access international capital markets as well as funding from multilateral donors.

The country has successfully re-entered international capital markets after a gap of seven years by issuing Euro Bonds worth 2 billion dollars, he added.

He was of the view that Pakistan after nine years issued Islamic paper, Sukuk, for one billion dollar.

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