Finance Minister meets United States Deputy Secretary of Treasury

Islamabad, October 11, 2014 (PPI-OT): Finance Minister Senator Mohammad Ishaq Dar met with Ms Sarah Bloom Raskin, Deputy Secretary of Treasury Department, today. Finance Minister informed that owing to fiscal discipline and focused approach of the government for economic revival of the country all macro economic indicators reflect solid recovery.

He especially highlighted the reduction in fiscal deficit, build-up of foreign exchange reserves, increase in GDP growth and 16% increase in revenues. Finance Minister stated that the Stock Market had slowed down for a short while due to political disturbance but it rebounded well and was firmly entrenched at 30,000 levels.

Ms Raskin appreciated the performance of the government despite odds and observed that continuity of such policies will certainly deliver dividends improving the life of common people in Pakistan. She expressed confidence that Pakistan will meet the targets for the forthcoming IMF review and will remain on track for the IMF program.

Finance Minister, Senator Mohammad Ishaq Dar also met Mr. David Cohen, Under Secretary of the US Treasury Department. Mr. Cohen appreciated that the Government of Pakistan had enacted amendments in Anti terrorism Act which would enable the government to take actions against those indulging in financing terrorists. Finance Minister stated that the government was committed to stop terrorist financing as it was in its own interest.

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