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United States Ambassador calls on Finance Minister

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Islamabad, January 09, 2013 (PPI-OT): US Ambassador to Pakistan Mr. Richard Olson, called on Federal Minister for Finance, Dr. Abdul Hafeez Shaikh here Wednesday to discuss issues of mutual concern.

The Minister informed the US Ambassador that welfare of the poor segments of the society remains the top priority of the democratic government and that efforts have been made to provide necessary funding for uplift of the masses.

He said that despite financial constraints, adequate funds are being provided for public welfare projects. The Minister informed the Ambassador that the government has reached poorest of the poor to provide them relief under a number of initiatives including Benazir Income Support Programme which is being successfully carried out to reach the target communities.

Dr. Abdul Hafeez Shaikh further said despite energy scarcity and not an ideal security situation in the country, the economic indicators are showing positive trends which reflect resilience of the country’s economy. He said that due to successful economic policies of the government, Pakistan is witnessing lowest inflation rate in the region and Karachi Stock Exchange has emerged as the best performing Stock Exchange in the world.

The US Ambassador Mr. Richard Olson said that economic stability of Pakistan is an encouraging sign. He informed that the United States is assisting Pakistan in many public welfare projects and will continue to do so in future to further cement the relations between the two people. The Ambassador said that the US values its relations with Pakistan and would continue to move forward in a number of mutually beneficial areas.

Both the sides reaffirmed their commitment to enhancing economic relations to the full potential of the two countries.

For more information, contact:
Haji Ahmed Malik
Principal Information Officer
Press Information Department (PID)
Tel: +9251 925 2323 and +9251 925 2324
Fax: +9251 925 2325 and +9251 925 2326


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