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The United States Has Promised To Show Support To Pakistan
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Islamabad: On Tuesday (6th August 2019), in a US delegation, the United States has promised to show support to Pakistan. A reform would have been taken to improve the accounts of Pakistan both, internal and external. US would support Pakistan to bolster the bilateral trade. The acting assistant secretary of state for south and central Asian affairs, Alice Wells informed that “The US will continue to remain engaged with Pakistan in its economic reforms efforts and help build an environment that facilitates business development between the two countries.” Adviser to the Prime Minister on Finance and Revenue, Hafeez Sheikh was also present in the meeting.
The economic reforms program has been taken by the government with the loan of 6 billion dollar taken by International Monetary Funds (IMF). These reforms will help improving the issue of external bank accounts of the people in previous government. This would also help in revenue generation and increasing tax system of the country. This would also be helpful in enhancing bilateral trade with US. This would ultimately be helpful in providing more opportunities for businessmen in the economic sector. From the past 3 months, government is taking positive steps to improve finances of the country.
The economic reforms are playing their part in the development of country in many ways. The current account shortfalls are being reduced due to the reforms taken. The reforms are focusing on the ideas of revenue generation, on decreasing the expenditure and also to stop borrowing money from international bodies. Moreover, a Japanese government is also planning to invest in Pakistan in the pharmaceutical and food sector. They are also planning to call the Pakistani delegation there. A foreign diplomat also informed that Japan International cooperation Agency (JICA) and the government of Japan are negotiating with the Pakistani government on different developmental programs such as health and hygiene.
Source: The news
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Islamabad: On Tuesday (6th August 2019), in a US delegation, the United States has promised to show support to Pakistan. A reform would have been taken to improve the accounts of Pakistan both, internal and external. US would support Pakistan to bolster the bilateral trade. The acting assistant secretary of state for south and central Asian affairs, Alice Wells informed that “The US will continue to remain engaged with Pakistan in its economic reforms efforts and help build an environment that facilitates business development between the two countries.” Adviser to the Prime Minister on Finance and Revenue, Hafeez Sheikh was also present in the meeting.
The economic reforms program has been taken by the government with the loan of 6 billion dollar taken by International Monetary Funds (IMF). These reforms will help improving the issue of external bank accounts of the people in previous government. This would also help in revenue generation and increasing tax system of the country. This would also be helpful in enhancing bilateral trade with US. This would ultimately be helpful in providing more opportunities for businessmen in the economic sector. From the past 3 months, government is taking positive steps to improve finances of the country.
The economic reforms are playing their part in the development of country in many ways. The current account shortfalls are being reduced due to the reforms taken. The reforms are focusing on the ideas of revenue generation, on decreasing the expenditure and also to stop borrowing money from international bodies. Moreover, a Japanese government is also planning to invest in Pakistan in the pharmaceutical and food sector. They are also planning to call the Pakistani delegation there. A foreign diplomat also informed that Japan International cooperation Agency (JICA) and the government of Japan are negotiating with the Pakistani government on different developmental programs such as health and hygiene.
Source: The news
