Islamabad, 14 March 2023 (TDI): Senator Mohammad Ishaq Dar, the Federal Minister of Pakistan for Finance and Revenue received the High Commissioner of Canada, Leslie Scanlon, in the Finance Division.

Leslie Scanlon was welcomed by Finance Minister. During the meeting he noted that the two nations had cordial relations. He lauded the Canadian government’s assistance to flood victims.

The general state of the world economy as well as Pakistan’s government’s economic policies and plans were discussed by the two parties.

Likewise, they discussed ways to improve their bilateral ties and how to work together in a variety of areas, including trade, investment, and climate resilience.

The Finance Minister of Pakistan gave the Canadian representative a briefing on the country’s economic future, its challenges, as well as the significant losses resulting from the terrible floods last year.

He further added that the administration with its realistic policy initiatives has not only stemmed the economic collapse but is also leading the economy toward stability and growth.

In this vein, he also mentioned that in order to minimize the budgetary and current account deficits and boost income collection, the government has to make tough choices in several important industries, including the energy industry.

Also read: Canada pledges assistance support in Resilient Pakistan Conference

Ishaq Dar also provided information regarding the discussions with the IMF Mission and reaffirmed the government’s commitment to completing the current IMF programme and upholding all of its international obligations.

Morever, he expressed appreciation for Canadian investments in Pakistan and pledged the government’s full support and cooperation in fostering closer economic ties between the two nations.

Leslie Scanlon, on her part agreed that there are strong, friendly ties between Pakistan and Canada and that these ties should be strengthened, particularly in the areas of commerce, investment, and climate resilience.

She provided information regarding the recently created regional strategy that Pakistan will be able to use for climatic resilience and reconstruction.

She backed the government’s policies and initiatives for socioeconomic advancement and economic expansion.