Finance Minister Senator Ishaq Dar on Tuesday said that financial indicators of the country spiraled up, which have also been endorsed by the International Monetary Fund (IMF) during the second review held recently.
He said this in a meeting with a delegation of HSBC Bank Management at State Bank of Pakistan Office in Karachi. The Senior Advisor to HSBC Group Chairman and Chief Executive, Shrard Couper Coles appreciated the steps of the federal government for recovery of economy and attaining stability in forex market. The Finance Minster informed the delegation that financial indicators in the country along with GDP growth have spiraled up and inflation is declining compared with earlier financial forecasts. The IMF now has endorsed these financial indictors during the second review held recently.
The Finance Minister shared with HSBC Bank Management that the economic development trends in Pakistan are registering upwards surge and the country now is heading towards attaining a stable place in the world investment market, offering tremendous investment potential to the intending investors in the region as well as globally.
Senator Ishaq Dar lauded the decision of HSBC to consider Pakistan as projected investment market in multiple development sectors and assured GOPís full support over the sale of Hong Kong HSBC Bank Limited. The State Bank of Pakistan will expedite necessary regulatory permission after due process of law as and when needed.
The HSBC Bank delegation thanked the Finance Minister for affording an opportunity to have a mutually beneficial meeting that could lead to expanding the areas of financial interaction between the financial sector interest domains of Pakistan and HSBC Bank.