Finance Minister Senator Ishaq Dar on Friday stated that Pakistan has pretty secure overseas trade reserves and buoyant inventory market, which exhibits the boldness of the enterprise neighborhood within the financial insurance policies.
He stated this whereas speaking to Thomas Williams, Cost d’Affaires, US Embassy in Islamabad who known as on him. Each the perimeters mentioned the bilateral financial points and cooperation between the 2 international locations. Senator Ishaq Dar knowledgeable the Cost’d Affairs that the structural reforms, the brand new authorities undertook after coming into energy have began to yield constructive outcomes and all financial indicators are as per our projection and even higher.
The Finance Minister stated that power stays one of many highest priorities of the current authorities. On this connection the federal government is engaged on quick monitor to the indigenous sources to scale back the dependence on imported sources, he added. The Finance Minister additionally mentioned CASA-1000 Energy Transmission Undertaking and hydropower initiatives in Pakistan together with Dasu and Diamir Bhasha Dams with the Cost d’Affaires.
The Cost d’Affaires assured the Finance Minister that the US would proceed to keep up partnership with Pakistan and can work for peace and stability within the area. He stated that we’re wanting ahead to boost our current relations in all areas of mutual curiosity. He knowledgeable the Finance Minister that the reimbursements to Pakistan on account of Coalition Help Fund are on monitor.
The Cost d’Affaires expressed the hope that import of stay animals from the US will likely be allowed by the federal government. On this regard, the Finance Minister stated that the ECC would take acceptable determination in case of submission of abstract by the related Ministry.
In the meantime, Greg Giokas, Canadian Excessive Commissioner additionally known as on Finance Minister Senator Ishaq Dar. The Excessive Commissioner knowledgeable the Finance Minister that his final go to to Toronto and conferences with Canadian officers had a really constructive impression on enhancing cooperation between the 2 international locations. He additionally appreciated participation of businessmen and buyers in Canada-Pakistan Enterprise Council assembly held in Toronto. He talked about that there’s an unlimited enthusiasm in Canadian buyers and Asian Diaspora over financial developments in Pakistan in mild of Prime Minister’s latest go to to New Delhi.
He talked about that there’s large potential in agriculture sector of Pakistan and he’s main a workforce comprising officers from Canada, USA and Australia for serving to farmers and stakeholders in coverage formulation for transformation of agriculture sector in Pakistan. He stated that the group is engaged on session with worth chain which can make implementation of coverage framework simpler. He gave an instance of Canadian agri exports from CAD 15 million to 50 billion throughout a interval of ten 12 months on account of acceptable coverage formulation. He stated that we have an interest to share our methodology and expertise with Pakistan. He knowledgeable the Finance Minister that worldwide neighborhood wish to see Pakistan reach its reform agenda.
The Finance Minister knowledgeable the Excessive Commissioner that agriculture sector is our precedence and now we have plans for provision of micro financing to small farmers. He stated that the agriculture sector drives the entire financial system and respect the precious contributions being made by the Canadian Excessive Commissioner. He stated that it’s quickest outcome producing sector and the current authorities is specializing in new initiatives on this regard.
On regional connectivity, the Finance Minister stated that we consider in regional commerce and opening of latest vistas to broaden our commerce and financial relations with the neighbours and past. He stated that Pakistan offered a superb alternative to worldwide buyers in Pakistan significantly in hydro carbon exploration, power and infrastructure growth sectors and urged for funding by Canadian companies.