ISLAMABAD: The business community on Sunday praised the Financial Action Task Force’s (FATF) decision to remove Pakistan from the grey list, saying that the move would spur economic activity and help the struggling economy get back on a sustainable growth path.
In addition to raising the country’s credit ratings, the decision would assist regain the trust of foreign financial institutions, encourage foreign direct investment, and support exports.
Irfan Iqbal Shaikh, president of the Federation of Pakistan Chamber of Commerce and Industry (FPCCI), commented on the mega development and praised civil and military leadership for their efforts in achieving the historic success for the nation, saying that it would further solidify the government’s efforts to achieve sustainable economic development.
