Finance Minister discusses economic development cooperation in bilateral meetings

Finance Minister Abdul Hafeez Shaikh discussed development partnership with leaders of major economic powers in seperate meeings on the occasion of annual IMF-World Bank gathering.Dr Shaikh briefed German, British and American leaders about the government’s focus on development as well as its efforts towards greater economic stabilization.German Finance Minister Dick Niebel offered his country’s support for Pakistan’s hydro power projects and small dams.

At another meeting, Dr Shaikh and U.K’s Secretary of State for International Development Andrew Mitchell discussed economic ties between the two countries. Mitchell appreciated Islamabad’s commitment to economic reforms.
The finance minister also had a meeting with U.S. Under Secretary of State for Economic, Energy and Agricultural Affairs Robert Hormats and discussed economic development cooperation. The U.S. official assured Dr Shaikh of Washington’s support in getting greater trade access for Pakistan to European Union.
Earlier, Hafeez Shaikh met with his Chinese counterpart at the World Bank as the two officials pledged to step up implementation of economic partnership agreements.
He is also scheduled to hold meetings with his counterparts from Saudi Arabia, Afghanistan and Iran during the IMF-World Bank meetings.
The finance minister is heading a delegation of top economic managers to IMF-WB spring meetings that includes Secretary Finance Waqar Masood Khan, Chairman Federal Board of Revenue Salman Siddique, Governor State Bank Shahid Hafeez Kardar, Deputy Chairman Planning Commission Nadeem ul Haq, Secretary Economic Affairs Division Abdul Wajid Rana and Counsellor Economic Affairs at the embassy Zahid Hafeez. – app