Islamabad, October 14, 2022 (PPI-OT):Federal Minister for Finance and Revenue Senator Muhammad Ishaq Dar met today in Washington DC with Ms. Antoinette Sayeh, Deputy Managing Director, IMF. The Minister apprised her of the damages caused by the unprecedented floods in Pakistan. He shared the GOP’s vision for stabilizing the economy and carrying out sustainable and resilient recovery. DMD IMF appreciated the government’s policies and assured of IMF’s continued support to Pakistan.
The Finance Minister in his meeting with Mr. David Malpass, President World Bank, thanked the Bank for its continued support in the socio economic development of Pakistan. He thanked the World Bank for its assistance for rescue and relief operations in the aftermath of the unprecedented devastating floods. President Malpass assured that the Bank would continue to work with GOP to help Pakistan overcome its socio-economic challenges due to the floods.
The Finance Minister in a separate meeting today with Mr. Martin Raiser, Vice President SAR, World Bank thanked Vice President Raiser for undertaking a visit to Pakistan to see first-hand the devastation caused by the floods. The visit helped in projecting the tremendous damages caused by the devastating floods. The Vice President assured that the Bank would continue to support Pakistan in overcoming the economic difficulties that the country was facing.
The Minister met with Dr. Muhammad Sulaiman Al Jasser, President of the Islamic Development Bank. The Finance Minister thanked Islamic Development Bank for its continued engagement with Pakistan. He appreciated that Pakistan and the Bank had remained trusted partners for decades.
President Al Jasser appreciated the measures being taken by GOP to stabilize the economy while providing relief to the flood victims. The Finance Minister in his meeting with the leadership of Deutsche Bank and J.P. Morgan elaborated upon the government’s vision to stabilize the economy, while also providing relief to the victims of the flood. He assured that the GOP was committed to completing the IMF’s programme.
The delegation also met with rating agencies and participated in several events being held during the Annual Meetings. The delegation also engaged at the Pakistan House with a diverse group of Pakistani professionals including leading businessmen, tech entrepreneurs and others.
The Finance Minister is leading Pakistan’s delegation in the IMF / World Bank’s 2022 Annual meetings being held in Washington DC. Other delegates include Sardar Ayaz Sadiq, Federal Minister for Economic Affairs, Dr. Aisha Ghaus Pasha, and Minister of State for Finance and Revenue, Mr. Jameel Ahmed, Governor State Bank of Pakistan, Mr. Hamed Yaqoob Sheikh, Finance Secretary, Dr. Kazim Niaz, Secretary Economic Affairs Division and Mr. Ali Tahir, Additional Secretary, Finance Division.
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