Pakistan achieves macroeconomic stability due to economic reforms: Ishaq Dar

Lahore : Finance Minister Muhammad Ishaq Dar has said that the Pakistan was benefiting from the economic reforms carried out by the government so far which had helped the country to achieve macroeconomic stability.

Finance Minister Ishaq Dar expressed these views while meeting with Country Director of World Bank for Pakistan, Pachamuthu Ilangovan (Ilango), and members of his team here on Sunday, a press release said.

The Minister discussed with Ilangovan, the progress of various economic reforms undertaken by the government.He said that after completion of the home grown reform
agenda with the assistance of the IMF, the government was committed to continue with the reform agenda that it had promised in PML-N’s election manifesto in 2013.

He said that the government would ensure to continue the process of reforms with the same zeal so as to achieve the objective of higher, inclusive and sustained economic growth.

The Finance Minister said that the new Companies law, was a part of the reform effort.

The law has already been passed by the National Assembly and hoped that it would soon be passed by the Senate as well. Once enacted the law would go a long way in improving
corporate governance & surveillance in the country in line with international best practices, he added.

The Country Director stated that government’s commitment to reform was widely acknowledged. The World Bank will continue to support and assist the reforms in various sectors of economy as it has supported the process in the last many years.
Ilangovan also on the occasion updated the Minister about the status of different World Bank sponsored/supported projects and said he was fully focused, as always on furthering Pak-WB economic cooperation.