ISLAMABAD: Care­taker Finance Minister Dr Shamshad Akhtar on Sunday underlined Pakistan’s commitment to promoting economic prosperity and fostering global financial cooperation.

The minister participated in a high-profile meeting of IMF chief Kristalina Georgieva with the finance ministers from the Middle East, North Africa and Pakistan (Menap), as well as state bank governors in Marrakesh, Morocco.

During the meeting, the discussions revolved around critical global economic matters and the collaborative initiatives aimed at enhancing financial stability.

Dr Akhtar also met the senior managing director of the World Bank, Axel van Trotsenburg, during her visit to Morocco for the annual meetings of the World Bank and IMF. The discussion focused on financial stability, revenue generation and economic progress, signifying a commitment to bolstering economic cooperation.

She also met officials of Moody’s and S&P credit rating agencies and reiterated the government’s commitment to transparency to foster investor confidence and maintain a positive credit rating for Pakistan in global financial markets.

Economic ties with UAE

Separately, Dr Akhtar and UAE Minister of State for Financial Affairs Mohamed bin Hadi Al Hussaini pledged to enhance economic cooperation and investment between the two countries.

In a meeting between the ministers of Pakistan and the UAE on the sidelines of the global event, the discussion centered on enhancing economic ties, exploring opportunities in finance and revenue, and promoting investment for mutual economic growth.

Both sides expressed optimism regarding the potential for working together to advance bilateral economic ties.

Published in Dawn, October 16th, 2023