Abb Takk News

Finance Minister meets UAE Minister of State for Financial Affairs

Washington: Finance Minister Muhammad Aurangzeb met Minister of State for Financial Affairs of United Arab Emirates Mohamed bin Hadi Al Hussaini and discussed bilateral economic cooperation and avenues for strengthening ties.

Highlighting the long-standing relations between Pakistan and the UAE anchored in shared history, culture and faith, the Minister expressed gratitude to UAE’s financial support to Pakistan in times of need.

He said the government is committed to continue with reforms initiated under the current IMF program in the priority areas of taxation, energy and privatization of SOEs.

He underlined Pakistan’s firm resolve to address economic challenges and create a conducive environment for sustainable growth and investment.

He also expressed Pakistan’s keen interest to re-engage with Middle Eastern Banks to revive their interest in potential investment opportunities in the country.

The Finance Minister also met representatives of Deutsche Bank in Washington.

The Minister appreciated the Bank’s support to Pakistan.

The Bank representatives briefed the Minister on different transaction structures to assist Pakistan in accessing the international capital markets.

They discussed the establishment of a Sustainable Finance Framework for the issuance of green sustainability bond.