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Finance minister meets Hongkong and Shanghai Banking Corporation bank’s delegation

Islamabad, February 18, 2014 (PPI-OT): Federal Minster for Finance Senator Mohammad Ishaq Dar had a meeting with a delegation of HSBC Bank Management at State Bank of Pakistan Office in Karachi.

The Senior Advisor to HSBC Group Chairman and Chief Executive, Mr. Shrard Couper Coles appreciated the steps of the federal government for recovery of economy and attaining stability in forex market. The Finance Minster informed the delegation that financial indicators in the country along with GDP growth have spiralled up and inflation is declining compared with earlier financial forecasts.

These financial indictors now have been endorsed by the IMF during the second review held recently. The Finance Minister shared with HSBC Bank Management that the economic development trends in Pakistan are registering upwards surge and the country now is heading towards attaining a stable place in the world investment market, offering tremendous investment potential to the intending investors in the region as well as globally.

Senator Ishaq Dar lauded the decision of HSBC to consider Pakistan as projected investment market in multiple development sectors and assured GOP’s full support over the sale of Hong Kong HSBC Bank Limited. The State Bank of Pakistan will expedite necessary regulatory permission after due process of law as and when needed.

The HSBC Bank delegation thanked the Finance Minister for affording an opportunity to have a mutually beneficial meeting that could lead to expanding the areas of financial interaction between the financial sector interest domains of Pakistan and HSBC Bank.

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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