FM Ishaq Dar claims Pakistan's $130 Billion Debt is manageable

ISLAMABAD, 01 Aug: Foreign Minister and Deputy Prime Minister Ishaq Dar reassured the nation about Pakistan's economic stability, despite the country's $130 billion foreign debt. Speaking at an event in Islamabad on Thursday, Dar emphasized the untapped potential of Pakistan's economy and urged citizens not to be concerned about the debt burden.
Dar highlighted Pakistan's vast mineral wealth, estimated to be worth over $10 trillion, as a significant asset. He reflected on the previous achievements of the Pakistan Democratic Movement (PDM) government, particularly its efforts to prevent the country from facing financial collapse. Among the government's successes, Dar noted the historic merger of the country's three stock markets during their 2016 tenure, which strengthened the financial infrastructure.
He also pledged continued support for the Securities and Exchange Commission of Pakistan (SECP), emphasizing the importance of timely legislative reforms. Dar assured the SECP of necessary backing from Parliament to enact these reforms, underlining the commission's role as Pakistan's foremost expert regulatory body. He advised the SECP to consult with the Ministry of Law for any required legal amendments.
Dar's address aimed to bolster confidence in Pakistan's economic resilience and the government's commitment to maintaining financial stability.