‘British government committed supporting Pakistan in socio-economic development’

Muhammad Aurangzeb, Finance Minister

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb highlighted the efforts being made by the Pakistan government to stabilise country’s economy.

According to press statement issued by the finance ministry, Chief Economist and Director for the Economics and Evaluation Directorate in the Foreign, Commonwealth and Development Office (FCDO), Professor Adnan Qadir Khan and British High Commissioner to Pakistan, Ms. Jane Marriot called on Muhammad Aurangzaib here.

In the meeting, the finance minister also highlighted the achievements including increased forex reserves, stable currency, decreasing inflation, and a flourishing stock market.

He outlined key reforms, including privatisation and restructuring of state-owned enterprises, digitization of the Federal Board of Revenue (FBR), export-driven growth initiatives, and energy sector reforms.

Acknowledging the support extended by the UK government, Muhammad Aurangaeb emphasized that KPI-based project would lead to effective implementation, with a view to making support more impactful.

On the occasion, Prof. Adnan Qadir Khan informed the finance minister that the FCDO had successfully concluded work on several pivotal initiatives and extended support for a domestically driven reform program aimed at fostering economic growth and sustainability in Pakistan.

Ms. Jane Marriott expressed the British government’s commitment to support Pakistan in its socio-economic development endeavors and expressed confidence in the potential for deeper collaboration in the future.



from ARY NEWS https://ift.tt/s54vuAI

Comments

Post a Comment

Popular posts from this blog

War-torn Sudan faces ‘catastrophe’ as UN runs out of funds

Image
Of nearly 25 million people in need, the United Nations has only been able to reach a fraction, according to the head of the UN’s humanitarian response in war-torn Sudan. But assistance to even those four million could soon stop, Clementine Nkweta-Salami told AFP in an interview, if the chronic lack of funding continues. The UN’s humanitarian Coordinator for Sudan says eight months into a conflict between rival generals that has torn the country apart, the situation is “catastrophic”. Aid workers have called it the “forgotten war”. On April 15, army chief Abdel Fattah al-Burhan and his former deputy Mohamed Hamdan Daglo, who commands the paramilitary Rapid Support Forces, turned their weapons on each other. Two years after the former allies co-engineered a 2021 coup sidelining civilians from power, their forces have killed more than 12,190 people in their brutal struggle for power, according to the Armed Conflict Location & Event Data Project (ACLED). That figure is only a c
Read more

Transport Canada declares Pakistan’s aviation security satisfactory

Image
KARACHI: In a major development, the security delegation from Transport Canada on Wednesday completed the security audit of Jinnah International Airport, ARY News reported. According to Airports Security Force (ASF), the team conducted thorough inspection of the security arrangements in place at the airport and found them satisfactory. During the audit, the ASF team comprising National Inspectors gave a briefing to the Transport Canada team. The assessment team was given briefing on security deployment, entry control, screening, issuance of passes and addressing emergency situations. The Transport Canada team commended the efforts of the ASF for taking additional measures to ensure the safety of the Pakistan International Airlines’ (PIA) direct flights to Canada. The team also termed the overall aviation security measures satisfactory at the international airports of Pakistan. It is pertinent to mention that the two-member delegation from Transport Canada arrived in Pakistan on
Read more

Woman throws eight-year-old child into Karachi’s nullah

Image
KARACHI: A tragic incident was reported from Karachi’s old Golimar area near Eidgah Ground when an 8-year-old child was allegedly thrown into the sewerage drain by a woman believed to be mentally ill, ARY News reported on Tuesday. The local police claimed that the woman – believed to be mentally ill – picked up the child, who was playing nearby, and threw him into the sewerage drain and fleeing the scene. The father of the child immediately reported the incident to authorities, which led to initiate a rescue operation. Rescue 1122 teams have been working tirelessly form past three hours in search of the missing child. On the other hand, the police are investigating the case, and efforts are underway to apprehend the suspect. from ARY NEWS https://ift.tt/c1ZzapO
Read more