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| India-Pakistan |
| Rumors about country's economy baseless: Shazia Marri |
| 2008-10-18 |
| (APP): Sindh Minister for Information, Ms. Shazia Marri, has said that there was no truth in the rumors about national economy and those spreading misinformation were doing so only to fulfil their personal agenda. This she said while addressing at the inauguration of branch of Bank AI-Falah here Friday. The Minister said that no doubt there were many challenges to the economy which are being tackled and given due attention at both national and provincial levels. She stated that such elements are confusing people by creating fear in their minds and thus damaging their confidence in the economy. They want to harass masses by propagating misinformation about the state of economy and overall banking system, Ms. Shazia added. She further reiterated that there was not truth in the propaganda about the economy as country's banking system was performing well and opening of this new branch was an ample proof of this. The Minister said that the financial crisis in the West was not related to us directly and as such we should not be afraid by this crisis but rather be prepared to deal with any possible financial situation. She said that according to the vision of Shaheed Mohtarma Benazir Bhutto, the provincial government was encouraging establishment of banks, financial institution other business and industries throughout the province and specially in Karachi. Being the rapidly emerging business hub of South Asia, Karachi is also the most significant city of Pakistan financially, she said. Ms. Shazia congratulated the management for opening another branch of the bank to facilitate its customers and hoped that the bank would continue providing quality services to its customer in future also. She was informed on the occasion that it is the 236th branch of the bank and 228th in Pakistan. The Bank now has 51 branches in the city. |
| Posted by:Fred |