Govt’s reforms have restored global confidence in Pakistan: Dar

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Finance Minister Ishaq Dar has said that Pakistan’s introduction of key reforms and measures to fix the national economy have bolstered international confidence as top world institutions have expressed their willingness to partner in the country’s development.
Senator Dar, who is leading a Pakistani team of economic managers to the IMF-World Bank meetings, sounded upbeat after holding a series of discussions with leaders of financial institutions and his counterparts from several countries on Thursday. “At each forum our efforts have been appreciated and now the world financial institutions acknowledged a seriousness on part of the government led by Prime Minister Nawaz Sharif towards addressing long-delayed issues and pulling the country out of its economic woes,” he said after meeting with World Bank Managing Director Sri Mulyani Indrawati.
He said the PML-N government is implementing its election manifesto and the world now recognises that Pakistan is striving to move the economy forward in its own national interest. Regarding his meeting with the World Bank MD, the finance minister said he conveyed the government’s decision that it has undertaken to simultaneously build both Dasu and Diamer Bhasha dams.
Pakistan, he said, is getting support from the World Bank and other institutions while a study on Diamer Bhasha dam is also under way. “We will start our project without waiting for foreign studies — we will construct both dams in line with our national interest,” he said, adding that the completion of the two projects would not only add more than 9,000 MWs of power to the system but also help maintain massive water reservoirs.
Earlier, the finance minister had useful meetings with his counterparts from Afghanistan and Iran, and president of Japan International Cooperation Agency.
Dar said the US has declared Prime Minister Nawaz Sharif’s October 23 visit to the White House for talks with President Barack Obama as official working meeting. “As we move forward with reforms and recovery agenda, Pakistan will get the importance it deserves,” he added.
Meanwhile, the finance minister also addressed a gathering of Pakistan Bank Fund Staff Association that comprises World Bank and IMF employees of Pakistani origin. He informed the experts of some bold and difficult reforms and austerity measures the government has put in place to revive the national economy. He also defended the International Monetary Fund programme for the country. Dar told the participants that the Fund had nothing to do with recent currency devaluation in Pakistan. He said Pakistan will honor all its international commitments as the government is determinedly working to turn around the economy.

8 COMMENTS

  1. yes Global loan sharks now has more confidence in current leadership of thugs to comply with everything they say, yes you may have restored " that" Global confidence but completely lost Local confidence and trust of people of Pakistan!

  2. Why does Mr Dar not tax the profits on real estate, stock exchanges etc. You impose luxury tax on 2 Kanal houses in Punjab, but conveniently forget the luxurious villas spread over acres built on what were supposed to be farm houses. Green belts around all big cities are disappearing because of bad policies of the government, which functions on the beck and call of tax evading land mafia tycoons. Dar Economics will do to NS, what Bush Economics did to George Bush.

  3. after Raja Rental…we have Dar Bomb…every day you are throwing a bomb on the people by increasing price…

  4. What newspaper does this moron read? Dar,the world is not as stupid and ignorant as the people who voted your party into power.

    • Agree with all comments about this well-dressed man (after his shopping spree in the US with ourmoney) HaHa Delusional!

  5. MR. DOING GRT JOB: LOAN WITH INTREST IS HARAM, JIHAD WITH SURE ALBQRAH.
    ASK IDENTIFIED 37 MILO WHO DO NOT PAY TAX
    ASK PARLAMENTRIANS, YR BOSS, IMMEDIATE PAST PRESIDENT TO CONTRIBUTE IN F.E. TO PAKISTAN

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