Tuesday, November 28, 2023

PM resolves to create conducive environment for sustainable economic growth, investment

PM resolves to create conducive environment for sustainable economic growth, investment
September 21, 2023 Web Desk

UNITED NATIONS (92 News) - Caretaker Prime Minister Anwaarul Haq Kakar held a meeting with Managing Director of International Monetary Fund (IMF) Kristalina Georgieva on the sidelines of 78th UNGA session on Wednesday afternoon.

The prime minister expressed gratitude for the IMF’s approval of a US$ 3 billion Stand-By Agreement (SBA) to support Pakistan's economy. He briefed the IMF MD on various measures taken by the Pakistan government to stabilize and revive the country's economy.

The prime minister affirmed that these initiatives aim to create a stable and conducive environment for sustainable economic growth and investment. "Additionally, a strong focus had been placed on protecting the vulnerable segments of society."

Managing Director IMF Kristalina Georgieva appreciated Pakistan’s concerted efforts in implementing policies and reforms to revive the economy. She assured that the IMF remained committed to continued engagement with Pakistan.

Meanwhile, Caretaker PM Anwaarul Haq Kakar held a bilateral meeting with the Uzbekistan President Shavkat Mirziyoyev on the sidelines of the 78th Session of UNGA in New York.

The two sides exchanged views on deepening bilateral cooperation in a range of areas including political, trade, economic, security, defence, and connectivity. The prime minister, while expressing satisfaction at the growing level of bilateral cooperation in the last few years, stressed the importance of sustaining the momentum.

He underlined that the operationalization of Preferential Trade Agreement (PTA) and Transit Trade Agreement (UPTTA) would boost trade and transit between the two countries. Both parties reiterated their commitment resolve to promote regional economic integration and resolved to play an active role for inter-regional connectivity.

The prime minister re-affirmed Pakistan’s strong commitment to timely completion of Trans-Afghan railway project. He also noted that regional connectivity, trade, and economic integration will have a stabilizing effect on Afghanistan as well.

Both sides also exchanged views on the recent developments in the region and matters related to the regional security and stability.