Prominent businessman Arif Habib has expressed optimism about the economic benefits resulting from meetings between Army Chief General Asim Munir and traders. He stated that most promises made during the three meetings have been delivered, with further economic improvements expected in the coming days.
Speaking to a private TV channel, Arif Habib welcomed the recent reduction in the interest rate. He said it is a positive step for the business sector. However, he suggested that the interest rate could have been reduced by 3 percent, given the government had the capacity to do so. He emphasized that the downward trend in rates should continue to support the economy.
Arif Habib also praised the improvement in the rupee’s value, attributing it to tighter control over Afghan transit trade. He highlighted the importance of promoting the construction sector under the current circumstances. Additionally, he recommended including the agricultural sector and retailers in tax reforms to broaden the tax base.
He mentioned that promises made during the Army Chief’s meeting with traders in September have been fulfilled. General Asim Munir assured traders that friendly nations are ready to invest in Pakistan. Arif Habib stressed the need for presenting strong investment projects to attract international funding.
With fulfilled promises and new initiatives, Arif Habib believes the economic outlook for Pakistan is becoming brighter.
