Results of measures taken by Federal Govt to stabilize economy will soon be reflected in enhanced economic activity: Ishaq Dar

KARACHI, Nov 30, (SABAH): Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar held a meeting with Governor State Bank of Pakistan Jameel Ahmad at Governor House Karachi on Wednesday. Tariq Bajwa, SAPM on Finance and other senior officers of the Ministry of Finance attended the meeting.

Finance Minster Senator Mohammad Ishaq Dar discussed various measures taken by Federal Government to stabilize the economy and hoped that the results of these measures will soon be reflected in enhanced economic activity. He appreciated the timely provision of $500 million transferred by Asian Infrastructure Investment Bank (AIIB) to Pakistan. It was shared that this financing will contribute in maintaining the external account stability. He further said that the market has responded positively with inflow of AIIB loan and the further inflows in the pipeline from international financial institutions and friendly countries will boost our foreign reserves.

Governor State Bank shared various steps taken by SBP in this regard.  He commended the efforts of present government for bringing in the efficiency, stability and growth in the economy of Pakistan. He highlighted that SBP is fully committed to support the process of economic revival as per the policies of the present government.

In conclusion, the Governor SBP thanked the Finance Minister for continuous support by the present government for the policy initiatives taken by State Bank of Pakistan.

Meanwhile Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar called on Governor Sindh Kamran Khan Tessori at Governor House on Wednesday.

Ishaq Dar and Governor Sindh Kamran Khan Tessori exchanged views on current political situation and issues of mutual interest including relief and rehabilitation work in flood affected areas in Sindh province.

Measures related to ease of doing business and improving investment climate also came under discussion. Finance Minister showed resolve of the Federal Government to take all necessary steps to attract foreign investment in the country.

The Finance Minister and Governor Sindh also discussed the economic outlook of the country and pace of development work in Sindh province.

Finance Minister further extended full support and cooperation of the Federal Government in the relief and rehabilitation of the flood affected people and for the development of the province.