Islamabad, January 22, 2013 (PPI-OT): Right Honourable Justine Greeting, MP, UK Secretary of State for International Development called on Dr. Abdul Hafeez Shaikh, Federal Minister for Finance in his office to discuss important facets of Pakistan UK cooperation.
The Finance Minister, on the occasion, said that Pakistan values Kingdom’s assistance in the field of education, health, governance and poverty eradication. The Federal Minister specially appreciated the efforts of the UK High Commissioner to Pakistan in this regard.
Dr. Abdul Hafeez Shaikh gave an overview of Pakistan’s economy and informed the visiting delegation that despite US $ 10 billion damage caused by massive floods and the effects of War on Terror, the economy is on its path to consolidation during the tenure of the present democratic government.
He said that the federal tax revenue has been increased by 21% and growth rate will be over 4% during the current financial year. Moreover, Pakistani Stock Market is one of the best performing stock markets in the world.
Dr. Abdul Hafeez Shaikh further said that result oriented structural reforms have been under taken to improve further Pakistan’s economy and introduced private sector oriented initiatives for uplifting economy. Movement from untargeted to targeted subsidies is a landmark achievement of the current government and Benazir Income Support Programme is one such example.
The Finance Minister further said that the present government believes in consolidation and strengthening of institutions. Free Judiciary, robust media, independent regulatory authorities and central bank in Pakistan are the few hallmarks of the government. He acknowledged the support from UK for BISP and pledged to establish long term relations with the UK.
Right Honourable Justine Greeting, MP, UK Secretary of State for International Development said that this is her first visit to Pakistan and she is pleased to see valuable work going on with UK assistance in Pakistan. She added that the schools being run with UK assistance are performing very well and she has personally visited these schools.
She declared that the United Kingdom will provide assistance for education of 4 million more children in Pakistan in the next year. She further said that she has visited BISP and is impressed by working and delivery mechanism of BISP. She informed that visits to health facilitates in the country are also included in her program to determine and make assessment for future assistance in the sector.
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