Friday, 14 May 2021, 06:22:39 pm
Tarin reiterates commitment to achieve macroeconomic stability
April 20, 2021

Finance Minister Shaukat Fayyaz Ahmad Tarin has reiterated government's commitment in undertaking reforms to achieve macroeconomic stability, build fiscal resilience and stimulate economic recovery amid COVID-19 and in post COVID scenario.

He expressed this resolve at a virtual meeting with World Bank's Managing Director Operations Axel van Trotsenburg today (Tuesday).

Among others, Minister for Economic Affairs Division Omar Ayub Khan, Minister for Power Muhammad Hammad Azhar, and SAPM on Power Tabish Gauhar also participated in the virtual meeting.

The Finance Minister shared a brief overview of the current economic situation and outlined several initiatives taken to accelerate economic recovery during COVID-19 pandemic.

He said Pakistan converted Current Account Deficit into surplus by adhering to a strict financial discipline.

He also highlighted measures to be taken for effective resource mobilization, enhancing productivity and strengthening financial management in future.

Hammad Azhar briefed about the efforts underway in the energy sector for bringing efficiency into the system by eliminating inefficient power plants to improve service delivery.

Omar Ayub Khan updated the World Bank MD on steps being taken to build resilient institutions as well as investment in human capital.

The MD World Bank reiterated support for overcoming challenges in the energy sector and lauded the socio-economic coverage extended to the marginalized sections of the society during Coronavirus pandemic.

He re-affirmed Bank's commitment to continue support for the implementation of structural reforms in future on the occasion.