Addressing the ground breaking ceremony of the Head Office Building of the Securities and Exchange Commission of Pakistan (SECP), he said the government has put Pakistan on road to economic progress, adding that structural reforms are indispensable for the country.

He said country’s development programme is in full swing despite limited resources.

Reforms in power sector and federal board of revenue are inevitable and more efforts should be put in to materialize the agenda of reforms, he said.

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Dar said that the incumbent government is focusing on policy of mutual trade and the Special Investment Facilitation Council (SIFC) is playing a key role in facilitating foreign investors.

He added that Pakistan is a resilient country and has loads of economic potential and it is never going to default.

He said Pakistan has huge potential to join G-20 countries through structural reforms in the country’s economy.

The government is fully committed to structural reforms in the country’s economy by capital market and corporate sector regulation for sustainable economic development, he said.

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He said that after the new integrated stock exchange, the PSX has achieved the status of the fist most efficient stock exchange of South Asia and 5th in the world.

He rejected the way of conventional diplomacy and said that this is the time of economic diplomacy through which “We can explore new potential markets for our exports.

Dar said that Pakistan is a liquidity-shortened country but the country has an abundance of tested and certified natural reservoirs of minerals, which have a proven cost of $10,000 billion.