ISLAMABAD : Finance minister , Ishaq Dar and Advisor to prime minister , Aisha Ghaus Pasha have categorically ruled out the possibility of calling financial emergency in the country . Both top economic managers said here in separate statements there the government was committed to fulfill its payment obligation and the rumours of imposing financial emergency in Pakistan were just a social media fake news.
. Finance minister , Ishaq Dar had important meetings with the ambassadors of different countries.
According to an official handout , Mr. Nong Rong, ambassador of the People’s Republic of China called on federal minister for Finance and Revenue Senator ,Ishaq Dar, here on Thesday.
The Finance minister welcomed the ambassador of Republic of China and highlighted about the long-standing and deep-rooted relations between both countries.
It was shared that China and Pakistan have strong bilateral ties in a number of economic avenues.
Both sides discussed about further deepening these ties in economic as well as financial sectors.
The Finance minister expressed grief on the sad demise of former Chinese President Jiang Zemin and said that it is a great loss for China as well as Pakistan as Mr. Zemin was a great friend of Pakistan.
Finance minister Senator Mohammad Ishaq Dar highlighted about the ongoing reconstruction and rehabilitation program being undertaken by the current government. The Finance minister commended the support of Chinese government in these hard times and shared that the government was taking various measures to protect the vulnerable segment of the society. It was also shared that the government of Pakistan has realistic plan for dealing with any upcoming expenditures regarding reconstruction and rehabilitation program in of flood affected areas. The Finance minister apprised the Chinese ambassador that the government remains committed to completing the IMF program while meeting all external debt repayments on time.
The Chinese ambassador appreciated the policy initiatives being taken by the government for sustaining and boosting the fiscal and monetary stability. He shared good will gestures and assured the continuous support of Chinese government to Pakistan and added that China stands with people of Pakistan and is willing to provide every possible assistance.
In concluding remarks, Finance minister, Ishaq Dar, thanked the Chinese ambassador for continuous support and assistance.
US ambassador to Pakistan ,Donald Blome, also called on federal minister for Finance and Revenue Senator ,Ishaq Dar..
SAPM on Finance , Tariq Bajwa, secretary Finance and other senior officers from Finance Division participated in the meeting.
The Finance minister welcomed Donald Blome and highlighted the historic and durable bilateral relations with the United States on economic and trade front.
The Finance minister apprised the US ambassador about the on-going post-flood reconstruction and rehabilitation projects being undertaken by the present government. It was also shared that present government is highly concerned about the well-being of masses therefore a number of measures are being undertaken in this regard.
Both sides shared other matters of common interest as well during the meeting. The Finance minister apprised the US ambassador about the government’s comprehensive and pragmatic plans in terms of revenues and expenditures for meeting its national as well as international financial obligations.
Donald Blome reciprocated same sentiments on bilateral relations between United States of America and Pakistan. He acknowledged the huge level of economic losses being faced by Pakistan due to flood crisis and shared that US government stands with Pakistan in such testing times.
The Finance minister commended the support of United States and stated that US has always been a great support Pakistan during tough times. The Finance minister shared various economic avenues in which both countries can further deepen their economic relations.
In conclusion, the Finance minister thanked H.E. Mr. Donald Blome for his support to Pakistan.
Sri Lankan State Minister for Finance H.E Mr. Shehan Semasinghe along with Deputy Secretary to the treasury Mr. Priyantha Rathnayaka called on Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar at Finance Division today.
SAPM on Finance Mr. Tariq Bajwa and other senior officers from Finance Division participated in the meeting.
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 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.
Earlier , British High Commissioner, Dr. Christian Turner along with UNDP Consultant Sir Michael Barber called on Federal minister for Finance and Revenue Senator , Ishaq Dar.
SAPM on Finance, Tariq Bajwa, Secretary Finance and other senior officers from Finance Division participated in the meeting.
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.
The Finance minister thanked the British High Commissioner for his cooperation and support.
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