WASHINGTON (Agencies) - Finance Minister Dr Abdul Hafeez Shaikh has met leaders of major financial institutions during the IMF-World Bank meetings and discussed cooperation for Pakistan’s development.
He held a detailed meeting with David Lipton, who is the first deputy managing director of International Monetary Fund, and discussed various aspects of cooperation with the IMF leader, officials said.
Dr Shaikh also discussed cooperation with the WB team for Pakistan in health, education, infrastructure and economic development areas.
Earlier, the finance minister attended a meeting of Commonwealth finance ministers and spoke about collaboration within the body and its important role in training.
Dr Shaikh met Bahamas Prime Minister Hubert Ingraham, who is chairing the annual IMF-World Bank meetings this year.
The finance minister also met his Saudi counterpart Dr Ibrahim Al Asaf and discussed trade and investment opportunities in Pakistan with him. Both ministers agreed on the need for joint ministerial commission to meet regularly to impart further vigour to bilateral relations.
The Saudi finance minister expressed his country’s interest in investment opportunities in the fields of agriculture and energy. Dr Shaikh appreciated Saudi Arabia’s support for Pakistan on numerous occasions, particularly during last year’s floods.
He also interacted with a number of business leaders and financial management experts of the US and informed them about the state of Pakistani economy and the measures the government is taking to achieve macro-economic stability and reforms in the key sectors.
The finance minister spoke about the privatisation programme and fiscal policies, saying that the government put in place an investment regime that facilitated doing business in the country.
He listed energy, oil and gas exploration, hydro projects, infrastructure and telecommunication as sectors offering vast business promise. Shaikh met representatives of Bank of America, Merrill Lynch, Invesco, Goldma Sachs and TIA-CREF and apprised them of business opportunities in Pakistan.
The US business leaders expressed their interest in exploring investment opportunities in Pakistan
He held a detailed meeting with David Lipton, who is the first deputy managing director of International Monetary Fund, and discussed various aspects of cooperation with the IMF leader, officials said.
Dr Shaikh also discussed cooperation with the WB team for Pakistan in health, education, infrastructure and economic development areas.
Earlier, the finance minister attended a meeting of Commonwealth finance ministers and spoke about collaboration within the body and its important role in training.
Dr Shaikh met Bahamas Prime Minister Hubert Ingraham, who is chairing the annual IMF-World Bank meetings this year.
The finance minister also met his Saudi counterpart Dr Ibrahim Al Asaf and discussed trade and investment opportunities in Pakistan with him. Both ministers agreed on the need for joint ministerial commission to meet regularly to impart further vigour to bilateral relations.
The Saudi finance minister expressed his country’s interest in investment opportunities in the fields of agriculture and energy. Dr Shaikh appreciated Saudi Arabia’s support for Pakistan on numerous occasions, particularly during last year’s floods.
He also interacted with a number of business leaders and financial management experts of the US and informed them about the state of Pakistani economy and the measures the government is taking to achieve macro-economic stability and reforms in the key sectors.
The finance minister spoke about the privatisation programme and fiscal policies, saying that the government put in place an investment regime that facilitated doing business in the country.
He listed energy, oil and gas exploration, hydro projects, infrastructure and telecommunication as sectors offering vast business promise. Shaikh met representatives of Bank of America, Merrill Lynch, Invesco, Goldma Sachs and TIA-CREF and apprised them of business opportunities in Pakistan.
The US business leaders expressed their interest in exploring investment opportunities in Pakistan
