APTMA’s Gohar Ijaz applauds IMF Deal for bolstering Investor confidence and economic growth

Gohar Ijaz, Chief of the All Pakistan Textile Mills Association, Firday extended a warm welcome to the recently inked IMF agreement, reported 24NewsHd TV channel.

According to Ijaz, the agreement holds the potential to address the ongoing economic challenges faced by Pakistan.

Speaking about the long-term prospects, he emphasized that the deal is set to pave the way for sustainable economic development in the country, boosting investor confidence and bolstering foreign exchange reserves.

As part of the agreement, Pakistan aims to enhance its focus on increasing exports and remittances, a move that is believed to have a positive impact on the nation's economic landscape.

Gohar Ijaz urged the government to capitalize on this opportunity and channel their efforts towards fostering the growth of these crucial sectors, thereby fostering a more stable and resilient economy.

Gohar Ijaz was quick to credit the successful conclusion of the IMF agreement to the relentless efforts of the Prime Minister and Finance Minister, who worked diligently to reach a favorable outcome for the country.

The tireless work of the government leaders culminated in an agreement that is expected to pave the way for financial stability and economic growth.

With the IMF agreement in place, Pakistan stands to benefit from a steady influx of foreign investments, ultimately boosting the country's foreign exchange reserves. This influx of funds is likely to fortify the national economy, allowing it to better withstand external shocks and economic uncertainties.

Furthermore, the agreement is expected to create an environment conducive to business growth, encouraging both local and international investors to invest in Pakistan's economy. This boost in investments can potentially result in the creation of job opportunities and the expansion of various industries, contributing to overall economic prosperity.

While the IMF agreement offers a promising pathway to economic development, Gohar Ijaz emphasized the importance of responsible and transparent utilization of the funds to ensure the long-term sustainability of the economic growth.