President of Pakistan Businessmen and Intellectuals Forum (PBIF) Mian Zahid Hussain said that international investors did not give any importance to the negative reports regarding Pakistan which indicated they have optimistic view of the economic future of the country.
"The auction of bonds worth 2.5 billion dollars attracted investors despite political turmoil, sit-in and law and order issues, which is a success, he said, adding that the bond auction remained successful which would provide some space to the government to put the economy back on the track.
Mian Zahid said that although a loan from IMF was cheap as compared to the loan acquired from the debt market, yet the IMF loan seldom comes without strings. He said that the loan would provide some breathing space to the government which would be a test for the policymakers.
"The credit of the positive reaction of investors also goes to Chinese investment under CPEC and the role played by the army to defuse political tensions between religious elements and the government, he said. PBIF president said that development is good but the forex reserves would remain under pressure due to falling exports, dwindling remittances and reduced foreign direct investment. He said that government must deliver despite the opposition of the political opponents and legal difficulties being faced by the top leadership of PML-N.
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