Inside Financial Markets

President lauds government’s steps to strengthen economy

mamnon ishaqPresident lauds government’s steps to strengthen economy

ISLAMABAD, Nov 3 (APP): President Mamnoon Hussain on Sunday appreciated efforts being made by the Government to pull the country out of its present economic difficulties. The President expressed the confidence that the government would continue to strive for the welfare of people as well as improve the economic profile of the country commensurate to its potential. He expressed these views while talking to Finance Minister Senator Ishaq Dar who called on him at the President House and apprised him about the overall economic situation in the country. The Finance Minister informed the President about the recent Annual meeting of the International Monetary Fund and World Bank in Washington where he met Deputy Prime Minister of Japan, Finance Ministers of Afghanistan, Iran, Qatar and UK on the sidelines and discussed with them matters of bilateral economic cooperation.

Senator Ishaq Dar also apprised about his meetings with international financial institutions, banks, rating agencies, heads of OPIC, USAID, IFC and senior management of IMF and World Bank.
Senator Dar said the economic measures taken by the present government had been appreciated by the international community which has once again started looking towards Pakistan as a destination for Foreign Direct Investment.
The international financial institutions, he said, were now favourably inclined to invest in Pakistan in line with the priorities set by the government.
The Finance Minister further informed that he had held indepth discussions to attract investment in the energy sector, particularly to commence work on Dasu Hydro Power Project and Diamer Basha dam which was encouraging.
The international community was ready to extend assistance and cooperate with Pakistan in tackling its energy crises which was the top most priority of the government, he added.
The Finance Minister assured the President that the government was committed to improve the economic conditions of the people and was following strict financial discipline, prudent policies, transparency, austerity, and accountability.

Sanie Khan

Sanie Khan holds a deep knowledge of the financial markets in Pakistan. Based in Karachi, he has over 20 years of hands-on management experience in financial technologies and managing operations in the financial sector. He was the General Manager at the Pakistan Stock Exchange (PSX) for 17 years. He along-with senior members of Exchange

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Inside Financial Markets was a joint publication of Pakistan Stock Exchange (PSX)and Society of Technical Analysts Pakistan (STAP)