Dar to lead Pak delegation for meetings with WB, IMF

ishaq-dar

ISLAMABAD : Finance Minister Senator Mohammad Ishaq Dar will lead the Pakistan delegation at the Annual Meetings of the World Bank (WB) Group and International Monetary Fund (IMF) in Washington D.C. scheduled on October 7 to 9.

The Finance Minister is scheduled to talk about various issues including Pakistan economy, global economic environment, poverty reduction and disaster risk management.

Ishaq Dar would highlight the risks to slow-moving global recovery including deteriorating conditions for exports, weak economic activity in advanced economies, rising private sector debt in a few large emerging markets and heightened geopolitical uncertainties, official sources said.

Ishaq Dar is expected to give details about the performance of Pakistan economy, as the country achieved macroeconomic stability in the last three- year through reducing energy shortages, higher revenue collection, wider tax base, significant reduction in fiscal deficit and infrastructure development.

He would inform the forums about the priorities of Pakistan government, on consolidating the gains and achieving higher, inclusive and sustainable growth which has been over 4 percent for three years in a row and reached 4.71 percent in financial year 2016, the highest in last eight years, the sources added.

Ishaq Dar would also speak on adoption of a new and better methodology for measuring poverty, moving from “Food Energy Intake” to “Cost of Basic Needs” formula, which raised the bar on who is considered poor in Pakistan.

The Finance Minister would also talk about the risks management policy of Pakistan as well as about the development of institutional capacity and resilience so that the economic losses of natural disasters are contained.

Source : Agencies

 

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