News Column

ITFC team, Pak finance minister meet during IDB event

June 24, 2014





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ITFC officials and Pakistani Federal Minister for Finance Ishaq Dar meet on the sidelines of Islamic Development Bank (IDB) 39th meeting of board of governors in Jeddah on Tuesday.

JEDDAH: ARAB NEWS

A delegation of International Islamic Trade Finance Corporation (ITFC), led by Waleed Al-Wohaib, CEO, called on Pakistani Federal Minister for Finance Ishaq Dar on the sidelines of Islamic Development Bank (IDB) 39th meeting of board of governors in Jeddah on Tuesday.

The delegation showed keen interest in enhanced partnership with Pakistan after admitting that the Pakistani economy has shown progress and its economic and financial policies have gained international credibility.

Other members of ITFC delegation comprised Hani Salem Sonbol, deputy CEO; Nazeem Noorali, GM, corporate and structured finance; Ramzi Usman, head of Asia, and Khalid M. Habib, manager Pakistan.

From Pakistan's side Consul General Aftab A. Khokher, Commercial Consular Abdul Wahab Soomro, Press Consular Sohail Ali Khan and Shoaib Akbar, vice consul were present.

Finance Minister Senator Ishaq Dar while welcoming the delegation highlighted that the present government is concentrating upon economic and social progress to strengthen the economy and enhance its inclusiveness.

He added that it has adopted strategies to overcome the country's macroeconomic challenges. The incumbent government is now in its second year and has embarked upon reforms agenda in economic and financial sector, he added.

The Minister thanked the CEO of ITFC for his comments and assured ITFC his fullest cooperation. He also highlighted the achievements made by the government of Prime Minister Mohammad Nawaz Sharif.

He said the present government had developed a road map to overcome the security, economic and energy challenges being confronted by Pakistan.

Dar said that Pakistan had fixed a GDP growth target of 4 percent to 5 percent during the next financial year.


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Source: Arab News (Saudi Arabia)


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