Islamabad, 2 August 2024 (TDI): France and Pakistan have affirmed their commitment to deepen economic relations, exploring investment opportunities and expanding bilateral trade.
This was discussed during a meeting between the Ambassador of France to Pakistan Mr Nicolas Galey and Minister of State for Finance and Revenue Ali Pervaiz Malik.
The French ambassador, who called upon the minister at his office in Islamabad, expressed appreciation for the excellent reforms undertaken by Pakistan and offered technical support from France in areas of mutual interest.
Pakistan and France have affirmed their commitment to deepen economic relations, exploring investment opportunities, and expanding bilateral trade.#News #BreakingNews #RadioPakistan https://t.co/nVBLpAnWYM
— Radio Pakistan (@RadioPakistan) August 2, 2024
He also recognized the progress made by the Government of Pakistan in stabilising the economy and expressed confidence in the potential for further collaboration.
Earlier, Minister Ali Pervaiz Malik provided an overview of Pakistan’s economic progress, highlighting positive trends such as increased foreign exchange reserves, decreased inflation and a robust stock market, all corroborated by recent ratings from international agencies.
He outlined key reforms underway, including privatization initiatives, energy sector advancements, and restructuring of state-owned enterprises (SOEs).
The discussion also covered the digitization initiative of the Federal Board of Revenue (FBR), being implemented with support from McKinsey to enhance tax administration and compliance.
The minister of state highlighted the budget for 2024-25, focusing on strategies to expand the tax base by integrating untaxed segments and encouraging non-filers to comply.
Significant projects in customs and inland revenue aimed at improving digitization and operational efficiency were also discussed during the meeting.
