Never ever have any international financial institution praised Pakistan’s endeavors on the economic front. In fact, they have always expressed their dissatisfaction over the dismal performance of the economy of Pakistan. It is, one could say with certainty, for the first time that an international financial institution of repute like the World Bank (WB), of which Pakistan has been and continues to be a significant beneficiary, has acknowledged Pakistan’s appreciable progress on the economic front.

In a meeting with the Prime Minister of Pakistan Mian Muhammad Nawaz Sharif on Tuesday, February 9, 2016 the visiting President of the World Bank, Jim Yong Kim did not mince his words and distinctly stated that Pakistan is poised to become the next fast-growing successful economy due to vital measures taken by the incumbent government of Pakistan, over the past few years.He pointed out that the country has made significant strides to achieve micro economic stability and enhance its domestic revenues by introducing reforms in the tax system. Mr. Jim Yong Kim said that Pakistan had also undertaken a number of significant steps to improve the business climate in the country. The economy of Pakistan, he said, would see further growth with peace and stability and further improvement in the investment climate.

Unambiguously, the incumbent government took the reins of the country in its hands when the progress of the economy was at its lowest ebb. In fact it was almost at the verge of defaulting. The credit of salvaging the economy of the country and giving it a turnaround should be given to the incumbent government. The investment climate in the country has improved with significant successes attained in the war against terror and improvement in the overall law and order situation. Thanks to the valiant Armed Forces of Pakistan who have courageously fought and continue to fight the ruthless terrorists. Dedicated endeavors of our gallant Armed Forces to completely uproot terrorism from the soil of Pakistan will surely bring further stability to the country particularly on the economic front.

M FAZAL ELAHI,

Islamabad, February 17.