Charge’d Affaires of the United States (US) Andrew Schofer met with Finance Minister Ishaq Dar on Wednesday and expressed confidence in the government of Pakistan’s economic policies and plans.
According to a statement issued by the Finance Division, the envoy also expressed his country’s willingness to help the two countries economic and commercial connections.
During the meeting, Ishaq Dar exchanged views on the country’s remarkable bilateral relations and informed the envoy of the country’s current challenges, particularly on the economic front.
The finance minister also discussed Pakistan’s recent challenging policy measures aimed at stabilizing the economy, which resulted in an upward slope ensuring sustainable and inclusive growth.
The minister also updated the US Charge Affaires about the ongoing International Monetary Fund (IMF) initiative and assured the US Charge’d Affaires of his government’s resolve to see it through.
He thanked the envoy for his assistance and emphasized his government’s intention to strengthen bilateral trade and investment ties with the United States.
Earlier this month, finance minister Ishaq Dar stated that the administration was resolved to put the economy on a constructive path by implementing reforms in many areas to achieve economic stability and prosperity.
The finance minister praised the efforts of the Reforms and Resource Mobilisation Commission (RRMC) in identifying concerns and challenges in the existing taxation system while chairing a meeting of the commission in Islamabad.
In the aftermath of last year’s terrible floods, skyrocketing inflation, a current account deficit, and a continuing foreign exchange crisis, the Asian Development Bank (ADB) anticipated Pakistan’s economic growth might reach 2% in FY2022-23.
According to the Asian Development Outlook (ADO), Pakistan’s economic growth remained slow in the FY2022-23 and witnessed a decrease of 0.6per cent as the economy struggles to recover.