Washington: The finance minister will have to make difficult decisions to get the economy right.
Federal Finance Minister Shaukat Tareen has arrived in Washington DC on a visit to the United States. During the visit, he will attend the annual meetings of the IMF and the World Bank, as well as important sideline meetings.
According to sources, during his visit, policy-level discussions will also be held with the IMF on the economic review of bringing the next tranche of ارب 1 billion on track for the next tranche. The IMF will receive a ارب 1 billion installment, as well as funding from the World Bank and the Asian Development Bank. A statement issued by the Ministry of Finance said that the Finance Minister will attend the round table meeting at the invitation of the Pakistan-US Business Council.
On the other hand, Finance Minister Shaukat Tareen while talking to US Agency for Peace said that Pakistan-US relations are very old, Pakistani war has severely affected Pakistani economy while Afghan government is facing severe financial crisis. 60% of Pakistan’s population consists of young people who need jobs, Pakistan’s future is bright.
He said that Pakistan is working on a reform agenda, protection of backward classes will be ensured, Pakistan’s economy will grow at a rate of 5%, we are providing affordable housing and health cards to the people but we will have to make difficult decisions to adjust the direction of the economy.