The International Monetary Bank (IMF) has assured Pakistan of continued cooperation in the future.
In a statement issued by the Ministry of Finance, it is stated that Finance Minister Ishaq Dar met the Deputy Managing Director of the IMF in which he informed the IMF official about the extraordinary losses caused by the floods in Pakistan. , Ishaq Dar also briefed about the government’s initiatives to make the economy stable, sustainable and revitalised.
The statement said that the Deputy Managing Director of the IMF appreciated the steps taken by the Government of Pakistan to revive the economy and assured future cooperation.
According to the statement, the finance minister also met the president of the World Bank, David Malpass, in which Ishaq Dar thanked the World Bank for its continuous support in the socio-economic development of Pakistan in addition to post-flood rescue and relief activities.
World Bank President David Malpass said Pakistan will work together to overcome socio-economic challenges from floods.
Ishaq Dar also met with World Bank Vice President for South Asia Riser in which the Finance Minister thanked him for visiting Pakistan.
On this occasion, the Vice President of the World Bank said that his institution will continue to support Pakistan in overcoming economic difficulties.
In the statement of the Ministry of Finance, it is said that the Finance Minister also met the President of the Islamic Development Bank, Dr. Muhammad Sulaiman Al Jasir. Have been a trusted partner for decades.
The Finance Minister also held a meeting with the leadership of Deutsche Bank and JP Morgan in which he conveyed the government’s vision for the stability of Pakistan’s economy and the relief of flood victims.
The statement of the Ministry of Finance has said that Pakistan is determined to complete the IMF program, the delegation led by the Finance Minister also met with the rating agencies, the delegation participated in several events organized in the annual meetings.
The statement said that the UK will provide an additional 10 million pounds to Pakistan for the rehabilitation of flood victims, after which the total UK aid will reach 26.5 million pounds.
Britain is providing more humanitarian aid to Pakistan after the devastating floods, British Minister for South Asia Lord Tariq has arrived in Pakistan.