London, April 15, 2015 (PPI-OT): Finance Minister Mohammad Ishaq Dar addressed the Pakistani community and the business persons over a luncheon organised by Pakistan High Commission London today. Senator Dar highlighted the improved stable outlook in the country’s ratings ever since the Euro Bond and said that Pakistan was moving forward. He also shared his government’s vision of the roadmap for continued economic prosperity and efforts to overcome the challenges to economy.
Minister Dar explained that Government’s reforms agenda was based on 4Es, i.e. economy, energy, extremism and education/health (social sector). Ever since the current Government came into power under the leadership of Prime Minister Muhammad Nawaz Sharif, the above-mentioned four sectors were being addressed on priority, he added. As a result, the Minister said, the growth rate was improving, the inflation was coming down, capital market was performing better and the currency gained stability.
The Minister stated that government would end the energy shortage before the completion of its tenure. He paid glowing tribute to the armed forces of the country that were successfully fighting terrorism and extremism in the country, and hoped that Pakistan would soon get rid of this menace. He reiterated government’s commitment to increase education budget from 2% to 4% in next two years.
Senator Dar shared that Pakistan was planning new global bond and sukuk issues in 2015-2016 and was ready for 7th IMF review, which never had happened before. He also expressed that the Government was fully committed to asset sale programme.
Mr. Dar mentioned about the positive sentiments he came across during his ongoing interactions with the International Financial Institutions. Investors showed keen interest in the economic performance of the country, informed the Minister.
The Finance Minister appreciated the role of diaspora and said that they were helping Pakistan economy a great deal through their valuable remittances. He also thanked Pakistan High Commission for arranging his interaction with the community and the investors in London. The Minister also interacted with British as well as Pakistani media in London. After the interaction the Minister left for the USA to participate in the World Bank and IMF’s spring meetings.
In his opening remarks, H.E. Syed Ibne Abbas, Pakistan High Commissioner to the UK welcomed the Minister and thanked him for agreeing to share his vision on Pakistan economy with the community and potential investors in the UK. He also welcomed the community and business persons to the High Commission.
The event was attended by about 100 people from cross-section of the society, including Members of the House of Lords, Mayors, Councillors, leading business people, community leaders, representatives of the financial institutions and media.
For more information, contact:
Haji Ahmed Malik
Principal Information Officer
Press Information Department (PID)
Tel: +92-51-9252323 and +92-51-9252324
Fax: +92-51-9252325 and +92-51-9252326