PR No. 276 Islamabad: September 30, 2016

British High Commissioner Mr. Thomas Drew called on the Finance Minister Senator Mohammad Ishaq Dar here today. He was accompanied by Ms. Louise Walker Head of DFID, Pakistan.

The Finance Minister briefed the High Commissioner about the reform and consolidation process Pakistan is passing through. He said that our objective is to achieve inclusion of the unserved people and assure sustainability of the current momentum of economic growth and consolidation. He said that Pakistan has already made considerable progress in the areas of economy, energy, and security. The Minister appreciated Pakistan’s relation with UK and hoped to strengthen the relations further.

The British High Commissioner congratulated the Finance Minister on the successful completion of the IMF program. The High Commissioner stated that there was considerable untapped potential to increase bilateral trade and investment between Pakistan and the UK. He assured that Post-Brexit, the UK would maintain its facilitates offered to Pakistan and the economic ties would be further strengthened through deeper bilateral trade and investment agreements.

He said that Pakistan had a sizeable market, UK enjoyed strong political relations with Pakistan and both these factors would enable Pakistan-UK trade talks to gain momentum. The High Commissioner appreciated the structural reforms undertaken by the government in the energy and financial sectors.

The Finance Minister appreciated the development partnership with DFID and said that he looked forward to continuing this partnership.

Senior officials of the Ministry of Finance and Economic Affairs Division attended the meeting.