Washington D.C, 23 April 2022 (TDI): The Pakistani Federal Minister of Finance and Revenue, Miftah Ismail, visited the United States
The Finance Minister visited the United States for a four-day visit on Thursday. The purpose of the visit is to engage international financial monetary institutions, the World Bank, and the IMF. He said, “I am off to Washington DC to try and put back on track our IMF program.”
Furthermore, the Minister aims to enhance bilateral commercial engagement between the US and Pakistan.
Meetings with US Officials
Firstly, the Minister of Finance met the representatives of the US-Pakistan Business Council on his visit to Washington. Moreover, the Ambassador of Pakistan to the US, Secretary of Finance, and Governor SBP accompanied the minister during the meeting.
The officials discussed trade and business ties between the US and Pakistan. Likewise, they discussed outstanding issues and ways to enhance the crucial economic relationship between the two nations.
In addition, the Pakistani Minister also met with the representatives of M/s Moody’s. He held the meeting at Pakistan’s Embassy in Washington. Meanwhile, Minister of State Dr. Ayesha Ghous Pasha, Secretary Finance, and Governor State Bank of Pakistan participated in the meeting.
Moody’s Analytics is an American company that provides financial intelligence and analytical tools to “help business leaders make better, faster decisions”. The company uses research, data, software, and professional services, to provide marketplace navigation solutions. Furthermore, Moody’s economic assessment reports of countries affect the attraction of business to those countries.
Moreover, Minister Miftah Ismail held a meeting with senior IMF officials to discuss the continuation of Pakistan’s engagement with the IMF. He is also to meet with officials of the World Bank and finance ministers of friendly countries during his visit.
The IMF released a stalled tranche of $1 billion to Pakistan in February this year, reviving the $6 billion bailout package negotiated in May 2019.
Finally, the Finance Minister also addressed the Atlantic Council on the government’s strategy to deal with economic issues.
