ISLAMABAD -  Prime Minister Muhammad Nawaz Sharif Monday congratulated Finance Minister Mohammad Ishaq Dar on being declared "Finance minister of the year 2016 for South Asia" by Emerging Markets, a global organisation.

"This is a befitting recognition of his illustrious toil for reviving the economy of Pakistan and achieving economic stability," the prime minister commented. He said major international financial institutions had already lent their credence to the economic turnaround achieved by the country due to the efforts of the finance minister and his vibrant economic team. Now the declaration by the publication of IMF/World Bank Annual Meetings is a testimony of Pakistan's renewed economic credentials for which Mohammad Ishaq Dar and his team deserved immense appreciation.

"I am confident that Ishaq Dar will continue to consolidate the gains of economic stability achieved due to his prudent and sound economic input, and work towards achieving macro economic stability aimed at revolutionizing the lives of our people and making Pakistan a truly prosperous and developed country," the prime minister added.

Meanwhile, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) also congratulated Finance Minister Ishaq Dar for winning the best Finance Minister Award. The award is recognition of Pakistan’s economic performance led by minister’s sound economic policies, it said.

In a statement issued here Monday, President FPCCI Abdul Rauf Alam hoped that Ishaq Dar and his team of dedicated professionals will continue to work towards economic stability of the country which is imperative for prosperity.

Winning the award of best finance minister of South Asia is an honour for Pakistan as economic indicators have improved during the last three years, he added.

Abdul Rauf Alam said that the award is recognition of Pakistan’s economic performance which is being acknowledged around the globe.