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Finance Minister briefs Prime Minister on his recent visit to United States

Islamabad, December 09, 2012 (PPI-OT): Finance Minister Dr. Abdul Hafeez Sheikh called on Prime Minister Raja Pervez Ashraf this evening at the Prime Minister’s House and briefed him on his recent visit to the United States.

The Finance Minister informed the Prime Minister that the objective of the visit was to have dialogue with US on the full range of economic relations including trade enhancement, investment promotion, assistance in energy sector and launching of investment funds.

He further informed that during the course of his visit he met US representatives in the State Department, Department of Treasury, USAID, US Trade Representative, US Special Representative for Afghanistan and Pakistan, the Head of OPIC and the US Chamber of Commerce and the Carnegie Institute to project Pakistan’s achievements and potential.

The Finance Minister further told the Prime Minister that the US government reaffirmed its commitment to release US $ 600 million for Coalition Support Funds, to rehabilitate power distribution system and electricity plants at Guddu, Jamshoro and Muzaffargarh and committed to support in the completion of Diamir Bhasha Dam for which US $ 200 million have been approved to start the work. It was also decided to launch a fund for Small and Medium Enterprises in January with initial capital of US $ 80 million which would be enhanced every year, he added.

The Finance Minister also briefed the Prime Minister on his meetings with the managements of the World Bank and the International Monetary Fund. The World Bank program in Pakistan showed high level of collaboration approaching US $ 1.8 billion in the year covering projects in energy, infrastructure and social sector.

The Prime Minister appreciated the efforts of the financial team led by Dr. Abdul Hafeez Sheikh and its success to win international support for Pakistan’s economic program which was a testimony of confidence on the prudent economic policies of the present government by the international community.

For more information, contact:
Haji Ahmed Malik
Principal Information Officer
Press Information Department (PID)
Tel: +9251 925 2323 and +9251 925 2324
Fax: +9251 925 2325 and +9251 925 2326
Email: piopid@gmail.com

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