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Finance Minister meets Chairperson of Silk Road Fund

Islamabad, January 18, 2016 (PPI-OT): The Federal Minister of Finance, Senator Mohammad Ishaq Dar met Chairperson of the Silk Road Fund Madam Jin Qi in Beijing. Minister Ishaq Dar appreciated Silk Road Fund for their interest in various projects particularly those related to power generation. He highlighted the positive economic outlook of the country and said that Pakistan’s economy had performed well in the last fiscal year and the GDP growth in the current fiscal year was at a seven year high whereas the forex reserves had touched a record all time high.

He said deep rooted structural reforms introduced by the present government and stabilization measures had yielded the desired results. The developmental spending had doubled, social safety net expenditure had tripled for the people who live below the poverty line. A tight fiscal and monetary policy had yielded great results in the last 30 months, putting the country’s economy on the right track, he added.

Silk Road Fund has invested in the Karot project and is considering several other renewable and non-renewable energy generation projects. The Minister also explored the prospects of hydro electricity and water reservoir project possible funding by SRF. Ambassador Masood Khalid and Secretary Economic Affairs Division Tariq Bajwa and other senior officials attended the meeting.

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

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