World ready to help end energy crisis, claims Dar

Published November 4, 2013
Federal Minister for Finance, Senator Mohammad Ishaq Dar called on President Mamnoon Hussain. — Photo by APP
Federal Minister for Finance, Senator Mohammad Ishaq Dar called on President Mamnoon Hussain. — Photo by APP

ISLAMABAD: Finance Minister Ishaq Dar told President Mamnoon Hussain on Sunday the international community was ready to help Pakistan tackle its energy crisis.

“Controlling energy crisis is the top priority of the government,” Senator Dar told the president.

Mr Dar called on the president at the President House and apprised him of the overall economic situation in the country.

The minister informed the president that during his recent visit to Washington to attend the annual meetings of the International Monetary Fund and World Bank, he met deputy prime minister of Japan, finance ministers of Afghanistan, Iran, Qatar and the UK on the sidelines and discussed with them matters of bilateral economic cooperation.

He informed the president that economic measures taken by the government had been appreciated by the international community which had once again started looking towards Pakistan as a destination for Foreign Direct Investment.

Senator Dar also apprised President Hussain about his meetings with international financial institutions, banks, rating agencies, heads of OPIC, USAID, IFC and senior officials of the IMF and World Bank.

“International financial institutions are now favourably inclined to invest in Pakistan in line with priorities set by the government,” the finance minister said.

He informed the president that he had held in-depth discussions with them to attract investment in the energy sector particularly to commence work on the Dasu Hydropower Project and Diamer Bhasha dam.

Senator Dar assured the president that the government was committed to improving economic condition of the people and was following strict financial discipline, prudent policies, transparency, austerity and accountability.

President Hussain praised the efforts being made by the government to pull the country out of its economic difficulties and expressed the confidence that it would continue to work for the welfare of the people and to improve the economic condition of the country.

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Digital growth
Updated 25 Apr, 2024

Digital growth

Democratising digital development will catalyse a rapid, if not immediate, improvement in human development indicators for the underserved segments of the Pakistani citizenry.
Nikah rights
25 Apr, 2024

Nikah rights

THE Supreme Court recently delivered a judgement championing the rights of women within a marriage. The ruling...
Campus crackdowns
25 Apr, 2024

Campus crackdowns

WHILE most Western governments have either been gladly facilitating Israel’s genocidal war in Gaza, or meekly...
Ties with Tehran
Updated 24 Apr, 2024

Ties with Tehran

Tomorrow, if ties between Washington and Beijing nosedive, and the US asks Pakistan to reconsider CPEC, will we comply?
Working together
24 Apr, 2024

Working together

PAKISTAN’S democracy seems adrift, and no one understands this better than our politicians. The system has gone...
Farmers’ anxiety
24 Apr, 2024

Farmers’ anxiety

WHEAT prices in Punjab have plummeted far below the minimum support price owing to a bumper harvest, reckless...