US assures to maintain partnership with Pakistan

US assures to maintain partnership with Pakistan

pk oUS Charge’d Affairs Thomas Williams called on Finance Minister Ishaq Dar in Islamabad on Friday.

They discussed bilateral economic issues and cooperation between the two countries.

The Finance Minister said that the structural reforms have started to yield positive results and all economic indicators are as per projection or even better.

He said that today Pakistan has fairly stable foreign exchange reserves and buoyant stock market, which shows the confidence of the business community in the economic policies of the government.

Thomas Williams assured that the United States will continue to maintain partnership with Pakistan and work for peace and stability in the region.

He said the United States is looking forward to enhance existing relations with Pakistan in all areas of mutual interest. He said that the reimbursements to Pakistan on account of Coalition Support Fund are on track.

Talking to Canadian High Commissioner Greg Giokas in Islamabad, Finance Minister said the government is committed to promote agriculture and plans to help the farmers through micro financing.
He welcomed Canadian cooperation in this sector, which is backbone of the country’s economy.

The Minister said Pakistan provides a good opportunity to international investors particularly in oil and gas exploration, energy and infrastructure development sectors and urged Canadian firms to benefit from liberal investment policy of the government.

The Finance Minister said the PML-N government believes in regional trade and for this reason, it is working on opening new vistas to expand trade and economic relations with neighbors and other countries.

The Canadian High Commissioner noted that there is huge potential in agriculture sector in Pakistan and assured to share their experience with Pakistan to promote this sector.

Talking to the students of various universities in Islamabad on Friday, Finance Minister Ishaq Dar said the budget deficit has reduced to two percent as compared to 8.8 percent last year.

He said the government adopted austerity measures and curtailed the number of ministries to 29.

The Finance Minister said the government abolished secrete fund of 32 different agencies except ISI and IB. He said the government settled circular debt and saved 54 billion rupees as interest to be paid on the debt.

Ishaq Dar said the government is including one million more families in the Income Support Program to provide relief to the poor.

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