IMF's $6 billion bailout package to boost investors' confidence: opines PFC chief

Pakistan Furniture Council (PFC) Chief Executive, Mian Kashif Ashfaq on Friday said a $6 billion IMF loan package for Pakistan will help stabilizing the crisis-battered country's economy besides reviving of investors' confidence and sustainable growth through structural reforms introduced by the PTI government.
Talking to media persons Mian Kashif said IMF bailout package is imperative for the country and aimed at providing breathing space for the incumbent government and reassuring investors in the face of growing concerns over a plunging currency and gaping fiscal deficit as well as skyrocketing inflation and pressing debt obligations.
He said the business community is confident that after following economic vision of Prime Minister Imran Khan, the economic growth will gradually increase and inflation will decline and help reinforcing financial sector resilience besides strengthening social safety nets across the country.
He further said that country faced various economic challenges in last year including decline in exports and foreign direct investment, lowest tax-to-GDP ratio and inefficiency of Public Sector Entities but these challenges can be coped through meaningful partnership and dialogues between the government and the private sector.