PR No. 111 Islamabad: September 19, 2016.

The Federal Minister for Finance Senator Mohammad Ishaq Dar chaired a meeting here at the Finance Division to review the preparations for upcoming international commitments including CAREC Ministerial Conference to be held in October 2016 in Islamabad as well as visits by MD IMF Christine Lagarde and President ADB Takehiko Nakao.


Secretary EAD, Mr. Tariq Bajwa gave a detailed briefing to the Finance Minister on the preparations being made for the events. The Finance Minister said that the aim of the government is to make Pakistan a regional trade hub, contacts with the friendly neighboring countries are to be established and made stronger and in this regard the CAREC Conference will play a positive role.


Transport, energy, trade facilitation, and trade policy will be the priority areas to be discussed at the ten member CAREC forum.  Six multilateral institutions (Asian Development Bank (ADB), United Nations Development Program (UNDP), International Monetary Fund (IMF), World Bank (WB), Islamic Development Bank (IDB) and European Bank for Reconstruction and Development (EBRD) will also be participating at the event.


The upcoming World Bank/ IMF annual meetings that are due in early October 2016 in Washington D.C were also discussed. The Minister directed that comprehensive preparations be made for participation in the annual meetings.


The meeting was attended by senior officials of the Finance Division and Economic Affairs Division.