Event hosted by Atlantic Council: Miftah explains govt’s approach to economy

ISLAMABAD: Speaking at an event hosted by a US think tank Atlantic Council in Washington DC, Finance Minister Dr Miftah Ismail highlighted the economic agenda and priorities of the newly-formed government in Pakistan, said a press release.

He said the government’s aim is to bring about economic and fiscal stability leading to economic recovery and growth. While achieving this objective, the government will ensure that this growth is all-inclusive by taking care of the poor segments of society.

The finance minister reiterated the government’s commitment to attracting US investment in all sectors of Pakistan’s economy by creating a business-friendly environment. He added that the government also recognizes the potential of Fintech and the digital economy, and the sector will be facilitated further.

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The finance minister said that the government will take stepwise measures to ensure a robust increase in exports of Pakistan to resolve balance of payment and current account deficit issues.

Frederik Kempe, President of the Atlantic Council in his introductory remarks said that Pakistan and the US had a longstanding partnership based on shared values of democratic governance, regional security and economic growth. The Atlantic Council is particularly working to promote economic cooperation between the two countries. He appreciated the role of Pakistani American diaspora in this regard.

The finance minister also answered questions from the participants that including US government officials, economists, think tank experts, and prominent Pakistani American entrepreneurs.

Copyright Business Recorder, 2022