Stabilisation of economy: Briefs chief economist, UK HC about efforts

ISLAMABAD: Chief Economist and Director for Economics and Evaluation Directorate in the Foreign, Commonwealth and Development Office (FCDO) Professor Adnan Qadir Khan accompanied by British High Commissioner to Pakistan Jane Marriot called on Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb, said a press release.

The finance minister extended a warm welcome to both guests.

The minister highlighted the government’s efforts to stabilise the economy, including achievements such as increased forex reserves, stable currency, decreasing inflation, and a flourishing stock market. Additionally, he outlined key reforms, including privatisation, SOE restructuring, FBR digitisation, export-driven growth initiatives, and energy sector reforms.

Acknowledging the support extended by the UK government, he emphasised that KPI-based project would lead to effective implementation, with a view to making support more impactful.

Prof Adnan informed the minister that the FCDO has successfully concluded work on several pivotal initiatives and extended support for a domestically driven reform programme aimed at fostering economic growth and sustainability in Pakistan.

Jane Marriott expressed the British government’s commitment to support Pakistan in its socio-economic development endeavours and expressed confidence in the potential for deeper collaboration in the future.

Copyright Business Recorder, 2024