ISLAMABAD    -   The Islamabad Chamber of Commerce and Industry (ICCI) has welcomed the revival of the International Monetary Fund (IMF) bailout programme for Pakistan and termed it a positive development for the economy as it would pave the way for the opening of other international financing chan­nels to Pakistan and help re­vive struggling economy.

President ICCI Muhammad Shakeel Munir said that the Finance Minister Miftah Is­mail had made great efforts to get the IMF program back on track and he congratulated the minister for achieving this success for Pakistan, said a press release issued here.

He further said that Miftah Ismail had to take some very tough decisions for the re­vival of the IMF bailout pro­gram and hoped that with the improvement of our economy, the government would miss no opportunity to provide all possible relief to the infla­tion-stricken people.

He said that the approval of the IMF Board to the sev­enth and eighth reviews of Pakistan’s bailout program had allowed the release of over USD 1.1 billion to Paki­stan, which would help in im­proving foreign reserves and bringing some sort of stabil­ity to our fragile economy.

ICCI President lauded the pledge of Prime Minister Shehbaz Sharif to finish the IMF program successfully and enable the country to exit from such programs by making it self-sustainable.

He said that Pakistan’s economy was already fac­ing great challenges while the recent flash floods in all provinces of the country had created new difficulties due to heavy loss of human lives, livestock, crops and infra­structure. Senior Vice Presi­dent Jamshaid Akhtar Sheikh and Vice President ICCI Mu­hammad Faheem Khan said that Pakistan comes first for every citizen of the country, therefore ICCI would always support the moves which were made in favour of Paki­stan and strongly condemned the elements working against the interest of the economy and people of Pakistan.

They further said that if anyone attempts to create problems for the revival of the economy in these difficult times, the business communi­ty would strongly oppose such moves and would condemn them in strongest words.