Mini-budget to be tabled in National Assembly today

IFC urged to increase investment in Pakistan


Islamabad: Adviser to the Prime Minister on Finance and Revenue, Shaukat Tarin here on Friday invited the International Finance Corporation (IFC) to increase investment in Pakistan to make private sector an engine of growth and development.

In a meeting with Senior Vice President of IFC, Stephanie Von Friedeburg, the adviser said the government had taken various steps to attract investment opportunities especially foreign investment and in this regard conducive environment was being provided to the investors.

Regional Vice President, IFC, Ms. Hela Cheikh Rouhon, Country Director World Bank, Secretary Finance and senior officers also participated in the meeting.

Tarin also highlighted the current economic situation of Pakistan and said that the government was committed to introduce reform in various sectors, in the face of various challenges, to address the long outstanding structural issues and to attain sustainable and inclusive growth.

The consultant emphasized that the modernization of agriculture and industry and the focus on IT are essential to increase exports and economic growth.

He said the government has taken pragmatic measures to deal with inflation, stabilize foreign exchange and increase productivity, he added.

He also highlighted the main features of the Kamyab Pakistan Project (KPP), which will extend microcredit to 3.7 million poor families to promote financial empowerment under various programs.

On the occasion, Stephanie Von Friedeburg discussed and supported the efforts taken by the government in social, economic and financial sectors for improvement in the economy of Pakistan.

She extended her all out support for the progress and betterment of economic agenda of the country.

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