Tarin invites IFC to increase investment in Pakistan

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Adviser to the Prime Minister on Finance and Revenue Mr. Shaukat Tarin held a meeting with Ms. Stephanie Von Friedeburg, Senior Vice President of IFC at Finance Division on Friday.

Regional Vice President, IFC, Ms. Hela Cheikh Rouhon, Country Director World Bank, Secretary Finance and senior officers participated in the meeting.

Welcoming Ms. Stephanie Von Friedeburg, the Adviser highlighted the current economic situation of Pakistan and said that the Government is committed to introduce reform in various sectors, in the face of various challenges, to address the long outstanding structural issues and to attain sustainable and inclusive growth.

The Adviser stressed that modernization of agriculture and industry as well as focus on IT was vital for increase in exports and economic growth.

Government has taken pragmatic steps to tackle inflation, stabilize foreign exchange and increase productivity, he added.

The Finance Minister also underlined the key features of the Kamyab Pakistan Program (KPP) that will disburse microcredit to 3.7 million under-privileged households for promoting financial empowerment under various schemes.

The Adviser informed that the Government has taken various steps to attract investment opportunities especially foreign investment and in this regard conducive environment is being provided to the investors.

He invited IFC to increase investment in Pakistan to make private sector an engine of growth and development.

Ms. Stephanie Von Friedeburg discussed and supported the efforts taken by the government in social, economic and financial sectors for improvement in the economy of Pakistan.

She extended her all out support for the progress and betterment of economic agenda of the country.

The Adviser thanked Ms. Stephanie Von Friedeburg for her support for bringing economic progress in the country.

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