National economy back on right track: Dar
Finance Minister says Pakistan will welcome US investment in Pakistan.
Finance Minister Ishaq Dar has said that economy of the country has been put back on the right track due to the far-reaching structural reforms, stabilization measures and initiatives of the past 21 months.
He was delivering key-note address at the Third Pakistan-US Business Opportunities Conference in Islamabad today. It was attended, among others, by US Commerce Secretary Ms Penny Pritzker and businessmen from both countries to explore mutually beneficial economic opportunities for trade and investment.
Ishaq Dar said Pakistan has by now successfully completed six reviews under the 6.64 billion dollar Extended Fund Facility of IMF enabling it to access international capital markets as well as funding from multilateral donors.
The country has successfully re-entered international capital markets after a gap of seven years by issuing Euro Bonds worth 2 billion dollars.
Pakistan after nine years issued Islamic paper, Sukuk, for one billion dollar.
The Finance Minister said Pakistan will welcome US investors and is prepared to facilitate their investments in the country.
The US Commerce Secretary said the friendship between Pakistan and the United States is strong. She said American businesses have a critical role to play as the US Administration seeks to deepen economic partnerships around the world and with Pakistan.