ADVERTISEMENT
Monday, July 28, 2025
No Result
View All Result
The AZB More Than Just News
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION
No Result
View All Result
Daily The Azb
No Result
View All Result
Home Headline

Exit from FATF list improves image of Pakistan: Shahid Rasheed Butt

News Desk
October 26, 2022
Shahid Rasheed Butt
Share on FacebookShare on Twitter
Advertisements

Former President of Islamabad Chamber of Commerce and Industry (ICCI) Dr. Shahid Rasheed Butt on Monday said the removal of Pakistan from FATF’s grey list will infuse confidence into the business community and improve the image of the country.

The credit for the development goes to the civil and military leadership which will boost economic activities and help put the ailing economy back on a sustainable growth path, he added.

Advertisements

Shahid Rasheed Butt said that the decision would restore the confidence of international financial institutions, help attract foreign direct investment, promote exports and improve credit rating.

The development will also address the liquidity issues as other donor agencies would feel comfortable while dealing with Pakistan besides improving credibility and rating of the local economy to attract foreign investment, he added.

The business leader said that the FATF decision would also help in promoting the soft image of the country in all international forums.

Pakistan had borne accumulative financial losses to the tune of $40 billion since it was put on the grey list and now the removal would attract more export orders from abroad and help in bridging the widening trade deficit.

The move will also help reduce rupee-dollar parity as well as ease negotiations with IMF and other multilateral donors and creditors and it will also provide positive input for the rescheduling of all payables.

It is a major setback to India which had always tried to keep Pakistan on the list as now the confidence of investors across the globe will be restored.

Markets are reacting positively to this news and overall sentiment is likely to remain upbeat. In the long run, this should help strengthen Pakistan’s case of re-rating and upgrading by the International Credit Rating agencies.

It will also be paving the way for a successful ninth review of the IMF which is due in November 2022 enabling the disbursement of SDR 894 million. Overall, the watershed achievement has far more in store for Pakistan than expected.

Advertisements
News Desk

News Desk

Welcome to our web desk! We're a dedicated team of digital enthusiasts passionate about delivering timely and engaging content to our online audience.

Related Posts

Inspector General of Punjab Police Dr. Usman Anwar pins ranks on District Police Officer Mandi Bahauddin, Ahmad Mohiuddin, upon his promotion.
Headline

Inspector General of Punjab Police Dr. Usman Anwar pins ranks on District Police Officer Mandi Bahauddin, Ahmad Mohiuddin, upon his promotion.

July 26, 2025
Pakistan hosted the Regional Chiefs of Defence Staff Conference today in Islamabad, convening senior military leadership from the United States of America, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan.
Headline

Pakistan hosted the Regional Chiefs of Defence Staff Conference today in Islamabad, convening senior military leadership from the United States of America, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan.

July 26, 2025
The Government of Pakistan has conferred the prestigious award of Nishan-e-Imtiaz (Military) upon General Michael E. Kurilla, Commander of United States Central Command (USCENTCOM),
Headline

The Government of Pakistan has conferred the prestigious award of Nishan-e-Imtiaz (Military) upon General Michael E. Kurilla, Commander of United States Central Command (USCENTCOM),

July 26, 2025
Customs Enforcement to carry out next four raids in coordination with relevant trade associations: Moinuddin Wani
Business

Customs Enforcement to carry out next four raids in coordination with relevant trade associations: Moinuddin Wani

July 26, 2025
ON INDONESIAN BLOOD DONATION PROGRAM 2025
Headline

ON INDONESIAN BLOOD DONATION PROGRAM 2025

July 26, 2025
Punjab Government to Transform 1,200 Villages into Model Settlements under Suthra Punjab Initiative
Headline

Punjab Government to Transform 1,200 Villages into Model Settlements under Suthra Punjab Initiative

July 26, 2025
Bollywood Film ‘Dhurandhar’ Sparks Outrage in Pakistan Over Benazir Bhutto Depiction
Headline

Bollywood Film ‘Dhurandhar’ Sparks Outrage in Pakistan Over Benazir Bhutto Depiction

July 26, 2025
Pakistan’s Daniyal Shahzad Wins Bronze at International Physics Olympiad 2025
Headline

Pakistan’s Daniyal Shahzad Wins Bronze at International Physics Olympiad 2025

July 26, 2025
Juggan Kazim Issues Public Apology to Alizeh Shah Over Past Incident
Headline

Juggan Kazim Issues Public Apology to Alizeh Shah Over Past Incident

July 26, 2025
Pakistan vs India to Face Off in UAE as Asia Cup 2025 Kicks Off This September – Full Details Inside
Headline

Pakistan vs India to Face Off in UAE as Asia Cup 2025 Kicks Off This September – Full Details Inside

July 26, 2025
Next Post
Imran Khan announced date of Long March

Imran Khan announced date of Long March

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *


Most Popular

PM Youth Laptop Scheme 2025: HEC Releases Merit List – Check Your Eligibility Online Now!

Yinyleon & her husband most viewed amateurs 2022 on adult site.

Improving Pakistan’s Response to Gender-Based Violence – A discussion on implementation of the Anti-Rape Act 2021.

Reckitt Benckiser (RB) & partners to revolutionize access of health & hygiene across 1 million rural households, backed by the UK Government

Mehwish Salman Ali Elected President of CxO Global Forum USA Chapter

Must Read

Govt.urged to ensure efficient governance by slashing bureaucracy: Altaf Shakoor
Headline

Healthcare sector needs goat’s urgent attention: Altaf Shakoor

March 9, 2025
The students of Badri High School are once again on a mission to make the community and the country proud as they strive for global glory.
Headline

The students of Badri High School are once again on a mission to make the community and the country proud as they strive for global glory.

November 7, 2023
The Azb is a 24/7 online news platform that covers a wide range of topics including business, economics, technology, finance, travel, fashion, and lifestyle.

Quick Links

  • Home
  • About us
  • SCI-TECH
  • Live TV
  • Banking

Useful Links

  • Videos
  • Reviews
  • Advertorial
  • Photos
  • About us
  • Author
  • Home
  • Latest News
  • Partner
  • Privacy Policy
  • Russian Theatre Group Celebrates Fifth Anniversary in Pakistan.
  • Terms and Conditions
  • The Azb – More Than Just News
  • Contact

© Copyright 2024 theazb. All Rights Reserved.

No Result
View All Result
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION

© Copyright 2024 theazb. All Rights Reserved.