PR No .241 Exchange Companies delegation meets Ishaq Dar Islamabad

Finance Minister, Senator Mohammad Ishaq Dar here on Friday held a meeting with delegation of Exchange Companies Association of Pakistan (ECAP). The delegation was led by Sheikh Alauddin, President of the Association who was accompanied by Mohammad Zafar Paracha, General Secretary.

Special Assistant to Prime Minister on Revenue, Mr. Haroon Akhtar Khan was present on the occasion.

The delegation apprised the Minister about issues faced by the exchange companies and also discussed in detail the trends and recent developments in the foreign exchange market. They sought Finance Minister’s support for resolution of their problems. Members of the delegation also shared with Minister Dar, their proposals for the upcoming budget.

Finance Minister assured that proposals given by them for budget 2016-17 would be considered in the ongoing budget exercise and their genuine problems would also be addressed.

The meeting on the occasion noted that the external account of Pakistan is stable and foreign exchange reserves have reached an all-time high level of $21.6 billion. Representatives of the Exchange companies said it was a significant achievement for which the Finance Minister and his team deserved praise. They thanked the Minister for a patient hearing of their problems and assurance for resolving them.

Senior officials of the Ministry of Finance and FBR attended the meeting.