Govt aims to ensure economic, fiscal stability leading to economic recovery and growth: Dar

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British High Commissioner, H.E Dr. Christian Turner along with UNDP Consultant Sir Michael Barber called on Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar at Finance Division on Tuesday.

The Finance Minister extended his warm welcome to the British High Commissioner and UNDP Consultant Sir Michael Barber and apprised them about the overall economic outlook of the country.

It was shared that Pakistan is meeting its external financial obligations and has recently repaid a $1 billion bond. The Finance Minister also shared the on-going post-flood reconstruction and rehabilitation program and shared that overall reconstruction and rehabilitation phase is going to take 5-7 FY. It was also mentioned that present government has a comprehensive and pragmatic program in terms of revenues and expenditures for meeting its national as well as international financial obligations.

The Finance Minister also briefed about the policies and measures being undertaken by the present government for safeguarding the vulnerable segments of society. It was shared that the present government aims to ensure economic and fiscal stability leading to economic recovery and growth. Other matters of common interest were also discussed during the meeting.

The High commissioner commended the practical measures being undertaken by the present government and offered all possible help from the British Government for the people of Pakistan in mitigating the socio-economic impacts of post-flood crisis.

SAPM on Finance Mr. Tariq Bajwa, Secretary Finance and other senior officers from Finance Division participated in the meeting. Meanwhile, in another meeting

Sri Lankan State Minister for Finance Shehan Semasinghe along with Deputy Secretary to the treasury Mr. Priyantha Rathnayaka called on Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar.

The Finance Minister welcomed the delegation and shared Pakistan’s overall economic outlook. The Finance Minister also talked about the on-going post-flood reconstruction and rehabilitation program and shared that due to pragmatic policies of present government, the economy of Pakistan has resiliently faced the negative repercussions of devastating flood crisis.

The Sri Lankan State Minister of Finance apprised about the economic situation of Sri Lanka and it was shared that Sri Lanka is currently facing massive economic crunch.

He appreciated well-consolidated and fully streamlined digital cash transfer system and social safety net in form of BISP in Pakistan.

The Finance Minister offered that Pakistan would be happy to provide any assistance in terms of technical assistance and capacity building to Sri Lanka. The Finance Minister shared best wishes and offered full support and cooperation to Sri Lankan State Minister of Finance H.E Mr. Shehan Semasinghe in this time of crisis.

The Sri Lankan Finance Minister thanked Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar for his support and goodwill.