Dar to lead Pakistan teams at IMF-WB for spring meetings - FINANCIAL-24
ISLAMABAD: Federal Finance Minister Senator Ishaq Dar would lead Pakistan delegations to the International Monetary Fund (IMF)-World Bank spring meetings in Washington from April 21 to 23. He will also participate in the 50th Annual Meeting of the ADB Board of Governors, which will be held in Yokohama, Japan from May 4 to 7, 2017, a statement said on Sunday. A meeting chaired by the Finance Minister reviewed preparations for a meaningful participation of the Pakistan delegations in both the events. Secretary Economic Affairs Division (EAD) gave a detailed presentation about the various meetings, seminars and dialogues being organized during the IMF-World Bank annual event at Washington, which will be attended by finance ministers, central bank heads, and top officials of finance and economy related departments, from around the world. Schedule of Finance Minister's engagements during his stay at Washington was also reviewed and finalized. During the visit to Washington, Finance Minister besides attending different events in regard to IMF World Bank meetings will also have bilateral meetings with finance ministers of other countries as well as heads of important international organizations. The Finance Minister later in May will participate in the ADB Board of Governors Meeting in Yokohama, Japan. Minister Dar is currently also serving as the Vice Chairman of ADB. The meeting will discuss developments in Asia and the Pacific as well as institutional matters. In 2017, the Government of Japan is co-hosting the ADB's 50th Annual Meeting. Meanwhile, Federal Finance Minister Senator Ishaq Dar chaired a meeting at the Finance Division on Sunday to review matters related to the Securities and Exchange Commission of Pakistan (SECP). Budget proposals with respect to the corporate sector were also discussed during the meeting. The meeting was attended by the Finance Secretary, Secretary Economic Affairs Division, Chairman SECP and senior officials of the Ministry of Finance and SECP. Chairman SECP Muhammad Zafar-ul-Haq Hijazi apprised the Minister regarding the consultations that SECP has been conducting with various representatives of the corporate sector to obtain their proposals and suggestions for the upcoming budget. The Finance Secretary informed the Minister that the Finance Division is working in close coordination with the SECP in this regard, and that interaction with various other stakeholders is also being actively undertaken for the budget preparations. He said that the prescribed timelines for the budget are strictly being followed. The Finance Minister said, "Keeping in line with the past four years' tradition of the present Pakistan Muslim League-Nawaz (PML-N) Government, all opinion, proposals and constructive suggestions from experts and stakeholders, including from the corporate sector will be taken into account while preparing the budget. He said, "As always, ensuring well-being of the general public will be accorded the utmost priority." The Minister impressed upon all the officials concerned to undertake budget preparations diligently while also abiding by the timelines. Chairman SECP also briefed the Finance Minister on reform measures, including legislative measures, being taken by the government to facilitate the corporate sector. The Finance Minister emphasized that, "The reforms being introduced by the government are meant to facilitate and regulate the corporate sector, in line with international best practices." He urged SECP to continue undertaking measures to further facilitate the corporate sector. - NNI |
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