During her visit to Morocco for the annual World Bank and International Monetary Fund meetings, Caretaker Minister for Finance, Revenue, and Economic Affairs, Dr. Shamshad Akhtar, stressed Pakistan’s dedication to maintaining transparency to boost investor confidence and uphold its standing in international financial markets.
Commitment to Economic Prosperity
While engaging with a senior delegation from Moody’s, the renowned financial services firm, Dr. Akhtar highlighted Pakistan’s resolve towards enhancing economic prosperity and fostering stronger ties within the global financial sphere. This commitment comes at a critical time when Pakistan navigates economic challenges, seeking pathways to solidify its financial status internationally.
The finance minister also engaged in pivotal discussions during a meeting led by the International Monetary Fund’s Managing Director, Kristalina Georgieva. The dialogue, involving finance ministers and central bank governors from the Middle East, North Africa, Afghanistan, and Pakistan (MENAP), revolved around major global economic dynamics and joint initiatives to bolster financial security.
Strengthening Bilateral Ties
In a separate development, Dr. Akhtar convened with UAE’s Minister of State for Financial Affairs, Mohamed bin Hadi Al Hussaini. The meeting, organized on the fringes of the Morocco conference, concentrated on fortifying economic relationships between Pakistan and the UAE. The leaders explored new horizons for cooperation in financial and revenue sectors to stimulate reciprocal investment and economic expansion.
The two parties acknowledged the significant scope for deeper collaboration, affirming their commitment to furthering the economic agendas of their respective nations.
In her meeting with representatives from S&P Global, the esteemed credit rating entity, Dr. Akhtar reiterated the government’s unwavering commitment to financial stability. She outlined initiatives focusing on enhanced fiscal governance and reforms designed to drive sustainable economic development, signalling Pakistan’s proactive approach to its economic revival strategy.
