Islamabad, July 15, 2021 (PPI-OT):His Excellency, Mr. Bernhard Schlagheck, Ambassador of the Federal Republic of Germany called on the Federal Minister for Finance and Revenue, Mr. Shaukat Tarin, at the Finance Division today. SAPM on Finance and Revenue Dr. Waqar Masood was also present during in the meeting. While extending a warm welcome to H.E. Ambassador, the Finance Minister stated that Pakistan and Germany enjoy close, amicable and multidimensional relations over the years. Both countries are keen to further strengthen business and economic linkages as well as people-to-people contact between the two countries, he added.
The Ambassador congratulated the Finance Minister on presenting a growth-oriented and business friendly Federal Budget 2021-22 after taking all stakeholders on board. In his remarks, the Finance Minister apprised that Government is firmly committed to putting the country on a trajectory of all-inclusive and sustainable economic growth. To attain this, the Government has revived the long-term planning process under the umbrella of Economic Advisory Council (EAC). The EAC will formulate short, medium and long term plans to spur growth in key priority areas. The focus will be on reducing poverty, he stressed.
The Government also stands committed to revive the business and industry that has been hit hard amid COVID-19. The ultimate focus of the Government is employment generation, efficient resource mobilization and industrial growth, he added. The Finance Minister further underlined that the Government is vigorously pursuing pro-people agenda to promote economic empowerment of the under-privileged women through Ehsaas safety net.
Ehsaas provides direct cash support for socio-economic uplift and financial inclusion of women from marginalized sections of the society. The Government will also offer loans to young entrepreneurs for self-employment schemes under Kamyab Pakistan Program which will be launched soon. It will also extend credit facility to young farmers to promote youth engagement and to boost agricultural productivity. This will usher in a new era of agro-based industrial progress in the country, he added. In his concluding remarks, the Finance Minister invited the German enterprises for making investment in Pakistan in the fields of health, education, and agriculture and power sector and assured all possible support and facilitation in improving the trade and economic relations between the countries.
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