Global Rice News

Former President of the Islamabad Chamber of Commerce and Industry (ICCI), Dr. Shahid Rasheed Butt, expressed his optimism on Wednesday regarding the performance of Finance Minister Muhammad Aurangzeb. It is believed that the International Monetary Fund (IMF) is satisfied with the Finance Minister’s work and there is hope that a new agreement with the lender will be signed this year to save the country.

Dr. Shahid Rasheed Butt emphasized the importance of an agreement with the IMF for Pakistan, as irresponsible spending without IMF oversight could deplete the country’s resources once again. He praised the Finance Minister for his dedication in tackling the crisis and highlighted the fact that he is not influenced by political ambitions, allowing him to make decisions based on merit. The Finance Minister’s decisions have given hope to the public and business community, with the expectation of an improved situation.

However, Dr. Shahid Rasheed Butt expressed concern over certain politicians who are hindering the Finance Minister’s involvement in crucial forums. He believed that such actions, alongside entrusting failed politicians with important matters, jeopardize the country’s interests and can impact investor confidence and international relations. He urged for unity in prioritizing national interests over party politics during this critical time.

Dr. Shahid Rasheed Butt stressed the incompatibility of terrorism and investment in Pakistan, emphasizing the need to combat the enemies of the Pakistan-China friendship to promote development. Additionally, he advised against the exportation of a large quantity of sugar by sugar mills, as it would result in increased prices for consumers, benefiting only the sugar mills at the expense of the general public. He highlighted India’s ban on sugar exports as a measure to control prices in the local market and called for a similar ban in Pakistan.

Overall, Dr. Shahid Rasheed Butt’s statements embody the importance of a new agreement with the IMF, the dedication of the Finance Minister, the need to prioritize national interests, and the significance of combating terrorism and controlling commodity prices for the well-being of Pakistan.

Source

Link to the source article: [Source](https://tradechronicle.com){:target=”_blank”,rel=”nofollow”}