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Govt fully focused on economic growth: Finance Minister

ISLAMABAD, 10 APR, (DNA) – Finance Minister Ishaq Dar has said Pakistan after having achieved macroeconomic stability is now fully focused on economic growth and job creation.

He was talking to Chairman and President US Exim Bank Fred P. Hochberg in Islamabad on Sunday.

Welcoming the guest, Finance Minister briefed the Exim Bank chief about the current profile of the economy saying that Pakistan after having achieved macroeconomic stability was now fully focused on economic growth and job creation. A large number of projects were being implemented in the infrastructure and energy sectors.

These projects would provide the necessary environment for the private sector to grow and make further investments. He said that the gaps in infrastructure and energy supply had hindered economic growth in the country for the last many years.

Finance Minister Dar added that the Government was seriously undertaking reforms for rehabilitation of the national airline. Concerted efforts were also afoot to complete energy projects and the government had a resolve to add 10,000 MW to the national grid in its tenure.

He said that US company, General Electric had entered agreement for supply of gas turbines and related equipment for the three 3600 MW LNG based power projects in the country. He stated that these projects provide opportunities for the Exim Bank to consider long term financing in different areas including energy projects, as US companies were already engaged in these projects.

President, US Exim Bank appreciated the economic achievements of the government. He evinced keen interest in investment opportunities in Pakistan and stated the Exim Bank would facilitate US investors for investment in the country. He thanked the Minister for sparing time out of his busy schedule to receive him for a meeting.

Besides senior officials of the Ministry of Finance, Aviation Division and Water and Power attended the meeting. =DNA

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