Islamabad, March 19, 2014 (PPI-OT): Finance Minister Senator Mohammad Ishaq Dar called on the King of Bahrain His Majesty Shaikh Hamad bin Isa Al Khalifa in Islamabad here today.
The Finance Minister briefed the King on economic situation of the country. He said that with the prudent policies of the Prime Minister Nawaz Sharif, the government has overcome the initial economic difficulties.
He said that the economic scenario, now, is very optimistic and conducive for foreign investment. He mentioned that the Prime Minister has a flagship program for huge infrastructure development in the country which will lead to economic prosperity of the people.
The Finance Minister further said that the visit of the King would provide an opportunity to explore ways and means to further enhance bilateral trade and to encourage investments in Pakistan. He informed the King about his meeting with the Bahraini businessmen and said that their interest will give new impetus to the existing brotherly relations between the two countries. He informed that the Bahraini investors can contribute to economic uplift of the people of Pakistan.
The King appreciated the reforms undertaken by the present Government and said that we have quite a long history of relationship. He said that Pakistan has a huge potential for development and investments. He underlined that the Kingdom is willing to work with Pakistan and it will encourage its investors.
He added that the visit will give confidence to investors and business is always built on mutual confidence. He said that Manama has strong financial base and Bahrain’s private sector can invest in Pakistan. He added that a mechanism should be put in place for the follow up of the spirit of the meetings held during his visit.
The King was assisted by his delegation and the Finance Minister was accompanied by Secretary EAD, Nargis Sethi, Advisor to the Finance Ministry, Rana Assad Amin and SA to Finance Minister, Shahid Mahmood.
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