Islamabad, May 09, 2014 (PPI-OT): U.S. Deputy Secretary of State William J. Burns met with the Finance Minister Senator Ishaq Dar at Islamabad to discuss issues of mutual interests.
The Deputy Secretary informed the Finance Minister that his visit to the US has left a lasting impression about his vision and there was appreciation for the economic policies of Pakistan in Washington DC. He appreciated the economic policies of the government and said that the economic indicators are improving with the results better than expected. He said that Pakistan’s economy is now in the right direction.
The Finance Minister briefed him on the outlook of the national economy and the encouraging positive trends in the economic indicators during the last 10 months. He said that with the prudent policies of the government, the direction of the economy has been set to move forward in the upward trajectory.
The Minister also informed the Deputy Secretary of State about Prime Minister’s fruitful visit to the United Kingdom and his meetings with the high officials in London. The Deputy Secretary of State was also informed about ADB Board of Governor’s meeting at Astana in which Finance Minister represented Pakistan.
Finance Minister also highlighted his recent interaction with the IMF officials in connection with 3rd review of the IMF for Pakistan program. He appreciated the cooperation of the United States for developmental projects in the multilateral donors’ community.
He thanked the United States for providing a platform for raising funds for the construction of Bhasha Dam. The Finance Minister said that the new government is coming up with a proactive energy policy to invite new investment in energy sector with a special emphasis on the renewable and cheap energy sources.
The Finance Minister appreciated role of the Deputy Secretary of State for upcoming reimbursement of CSF which will be released during this month and expressed the hope that pending claims will be expedited.
He also drew attention of Mr. Burns to US Exim Bank’s policy of lending to regional countries for a period of 20 years without sovereign guarantee whereas in the case of Pakistan the lending is being made for only seven years and that too with sovereign guarantee.
The Finance Minister urged Deputy Secretary of State for provision of level playing field by the US Banks for global investors to invest in Pakistan. The Deputy Secretary of State expressed the hope that import of live animals from the US will be allowed by the government.
In this regard, the Finance Minister said that the ECC will take appropriate decision in this regard. The Deputy Secretary of State assured the Finance Minister complete support of the United States for development in energy, agriculture, education, and health sectors.
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