The completion of the agreement with the IMF, Hanif Gohar.

Karachi (7th Feb. 2023) Secretary General (Sindh Region) of United Business Group (UBG), the strongest representative organization of Pakistan’s business community, and former senior vice president of FPCCI, Hanif Gohar, after the completion of the agreement with the IMF. Expecting the current economic situation of the country to improve, he said that the country’s economic, financial and financial crisis has scared everyone in the country, the manufacturing sector is facing difficulties in continuing the production process in an unfavorable environment, shortage of raw materials. has created problems for the industrial sector, the decrease in domestic foreign exchange reserves is making it more difficult for Pakistan to repay its foreign debts, it has become difficult for importers to get dollars for imports, and exports are also affected due to the impact of industrial processes. It is felt that the increasing prices of electricity, gas and petrol have made the living of common people difficult, in these circumstances the government should sit down with the stakeholders and make some workable policies so that the country’s economy can stand on its strong feet in the future. Hanif Gohar said that the major source of dollar inflow from foreign countries is overseas Pakistanis who are strengthening the treasury by sending remittances every month, but the decrease in remittances is a cause of concern. Hanif Gohar said that all governments in Pakistan have burdened the country with loans from international financial institutions and friendly countries, expressing concern about the country’s ability to repay the huge foreign debt is to some extent justified. And constantly increasing concerns are creating disappointment in exporters, importers, business organizations. They said that the increase in industrial production cost is affecting exports and if there is no export, how will the dollars come into the country. Hanif Gohar said that the real and positive image of Pakistan should be developed at the global level.