![PBF expresses satisfaction over current economic situation](https://photo-cdn.urdupoint.com/images/UrduPoint-English-22.png)
PBF Expresses Satisfaction Over Current Economic Situation
Muhammad Irfan Published April 13, 2024 | 02:10 PM
![PBF expresses satisfaction over current economic situation](https://photo-cdn.urdupoint.com/images/UrduPoint-English-22.png)
MULTAN, (UrduPoint / Pakistan Point News - 13th Apr, 2024) Pakistan business Forum (PBF) has expressed satisfaction over the current economic situation of the country.
In a media briefing after a meeting of the Executive Council of PBF, President PBF Khawaja Mehboobur Rahman, Chairman PBF South Punjab Malik Talat Sohail and Vice President Chaudhry Ahmad expressed that two years ago, there was a situation of uncertainty regarding the economy. They said that anyone who had not studied the devastation of the Sri Lankan economy was also afraid of Sri Lanka's default as a sign of fear, said a press release issued here on Saturday. Such was the uncertainty of the Currency that calls for a minimum dollar value of Rs 350 and as high as Rs 400 were common, they told.
"Now, at least, there was clear satisfaction that Pakistan is not in the dire situation of bankruptcy.
The stability of the Pakistani currency is evident, its continuous high flight has stopped. Importer's barrier to open LCs is over. Dollar is Rs 278 in interbank. The stock exchange index is at an all-time high. The staff level negotiations with the IMF have already been successful and there is no obstacle for several months like in the recent past. Prime Minister Mian Shahbaz Sharif's visit to Saudi Arabia Crown Prince Mohammed bin Salman reiterated his goodwill towards Pakistan and five billion dollar investment in Pakistan, as well as encouraging prospects for investment from other friendly countries".
PBF will play its role on government reforms at all levels for economic recovery and in the coming days, it will present its prepared economic policy, they expressed.
Related Topics
Recent Stories
![Cricket: England v West Indies 3rd Test scoreboard](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019914.jpg)
Cricket: England v West Indies 3rd Test scoreboard
![Finance minister briefs Chinese officials on refor ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019922.jpg)
Finance minister briefs Chinese officials on reform agenda, engagement with IMF
![Finland says Russian vessel violated its territori ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019912.jpg)
Finland says Russian vessel violated its territorial waters
![Olympic opening ceremony under way on River Seine](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019266.jpg)
Olympic opening ceremony under way on River Seine
![West Indies' treble strike rocks England in third ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019264.jpg)
West Indies' treble strike rocks England in third Test
![Ukraine court orders detention of suspect in murde ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019262.jpg)
Ukraine court orders detention of suspect in murder of nationalist ex-MP
![Long queues, ticketing problems ahead of Paris ope ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019015.jpg)
Long queues, ticketing problems ahead of Paris opening ceremony
![Rana Sanaullah Khan joins Paris 2024 Olympics inau ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019638.jpg)
Rana Sanaullah Khan joins Paris 2024 Olympics inauguration reception
![Glowing tributes mark 69th birthday of President Z ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019637.jpg)
Glowing tributes mark 69th birthday of President Zardari at Governor's House
![Players unaware of spying scandal as Canada Olympi ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019635.jpg)
Players unaware of spying scandal as Canada Olympic coach sent home: official
![Naqvi hails Pak women cricketers for going down fi ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019013.jpg)
Naqvi hails Pak women cricketers for going down fighting against SL
!['Sabotage' on French rail network before Olympics: ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019634.jpg)
'Sabotage' on French rail network before Olympics: What we know
More Stories From Business
-
Finance minister briefs Chinese officials on reform agenda, engagement with IMF
7 hours ago -
Chinese support for CPEC, development projects show deep love with Pakistan: Mushahid
7 hours ago -
G20 seeks common ground on taxing super-rich
7 hours ago -
Stocks rise as inflation data boosts rate cut hopes
8 hours ago -
Land of PSM to be used for establishment of SEZs: NA body told
10 hours ago -
European medicines watchdog rejects new Alzheimer's drug
10 hours ago
-
FBR committed to resolve taxpayer issues in KP, Chairman FBR assures Governor KP
12 hours ago -
Tanveer emphasizes role of SEZs in attracting investment
12 hours ago -
Russian central bank hikes key rate to fight inflation
12 hours ago -
SBP injects Rs9.545 trillion into market
12 hours ago -
PSX stays bearish, loses 439 points
12 hours ago -
US Fed's favored inflation measure cools further in June
13 hours ago