Economic policy over next several months crucial for Pakistan: US Ambassador
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US Ambassador to Pakistan Donald Blome emphasizes the importance of economic policy in the next several months for Pakistan. He states that Pakistan has made progress in confronting challenges but remains vulnerable to shocks. Blome encourages the new government to work with the International Monetary Fund (IMF) on reforms that make sense for Pakistan and help break the cycle of indebtedness. He believes that economic reforms will build certainty and confidence among investors and enable economic growth fueled by sustainable foreign direct investment (FDI). Blome also highlights the potential for increased trade and investment between the US and Pakistan, but notes that US firms are wary of volatility and inconsistency in policy. He urges Pakistan to prioritize an aggressive approach to attracting FDI and take advantage of the dynamic moment in global investment and trading patterns. Blome expresses confidence in Pakistan's ability to break free from an over-reliance on unsustainable debt.

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https://www.brecorder.com/news/40291985