Govt committed to settle circular debt: Dar

ISLAMABAD: Minister for Finance and Economic Affairs Senator Mohammad Ishaq Dar has said that PML-N government has taken a bold initiative to settle circular debt and is taking steps to ensure that it does not recur in future.

"This one step should help raise the confidence of investors and investment in this critical sector should resume", he said while addressing Pakistan-US Business Opportunity Conference at Dubai on Tuesday.

According to a message received here, Ishaq Dar told the conference that this second conference is taking place at a time when a democratic government has assumed office.

Dar said "Our economy is facing a number of challenges and we are aware that until we overcome these challenges the road to progress will not be smooth", he remarked.

"I understand that this is the second conferences and that more such conferences may be arranged depending on the demand from the two sides", he remarked.

Senator Mohammad Ishaq Dar welcomed this initiative and it is for this reason that the Government of Pakistan has extended its fullest support for its success.

"I must also say the presence of ministerial delegation from Pakistan, at a time when we were all committed with the parliamentary business of budget approval, is a clear signal of our commitment and support for the conference", he added.