PM to meet top WB, IMF officials during US visit

Pak-US Business Council reposes trust in govt’s economic policies


Prime Minister Imran Khan has said that the government is committed to provide every possible facility to investors and the business community. He was talking to a delegation of US-Pakistan Business Council which called on him in Islamabad today (Tuesday) led by its Chairman Dr Mehmood Khan. The Prime Minister said Board of Investment and all the concerned Ministries are making hectic efforts to facilitate the investors.
Dr Mehmood Khan apprised the Prime Minister about various US companies operating in Pakistan; whereas the representatives of the companies informed the Prime Minister about the business activities, volume of trade and role of their respective companies in Pakistan’s economy.
Talking to the delegation, the Prime Minister said the government is focusing on ease of doing business. Imran Khan said that the Board of Investment and relevant ministries are striving to facilitate the foreign investors.
Pak-US Business Council led by Dr. Mahmood Khan expressed its confidence in the economic policies and measures taken by the current government to create business friendly environment in the country. Talking to the delegation, PM Imran said that they were focusing on ease of doing business in the country and added that the concerned departments were striving hard to provide every possible facility to the investors.
On the occasion, the delegation apprised the prime minister about its trade volume and business activities in the country. Advisor to Prime Minister on Finance Abdul Hafeez Shaikh, Adviser to PM on Commerce Abdul Razak Dawood, Board of Investment chairman and other high officials were present in the meeting.
Meanwhile, The federal cabinet meeting, chaired by Prime Minister Imran Khan, decided to constitute a special committee for recommendations on Reko Diq case verdict on Tuesday.
Addressing a press conference following the federal cabinet meeting in Islamabad, Special Assistant to Prime Minister on Informant and Broadcasting Firdous Ashiq Awan said that the committee will submit its recommendations, point out those responsible and devise future strategy in this regard.
She said the committee headed by Law Minister Farough Naseem will include Hammad Azhar, Dr Isharat Hussain, Prime Minister’s Special Assistant on Accountability Shahzad Akbar and Syed Qasim. Dr Firdous said that it was decided that Minister for Communications Murad Saeed will brief every cabinet meeting about the foreign tours of the Sharif family and expenditures incurred by them illegally.
She said the cabinet issued directives for appointing permanent heads in all the departments which were being run without permanent heads. The special assistant said, “It has been decided that a mechanism will be devised to keep an eye on the prices of items of daily use like pulses and wheat flour. She said it has been decided that the tax on import of edible oil will be reduced from seven percent to two percent, which will break the back bone of the hoarders.
Dr Firdous said that the cabinet discussed about the possible measures needed for improvement in the management of land record by the revenue department. She said that the prime minister was of the view that the government was ready to listen to the problems of the traders but there will be no compromise on the registration process of the traders to include them in the tax net.
Briefing media about cabinet meeting along with Federal Minister for Communications Murad Saeed and Advisor to Prime Minister on Climate Change Malik Amin Aslam in Islamabad on Tuesday, she said the committee will submit its recommendations, point out those responsible and devise future strategy in this regard.
Moreover, Prime Minister Imran Khan will meet World Bank President David Malpass and the International Monetary Fund’s (IMF) acting managing director during his upcoming trip to the United States. During these meetings, matters related to the incumbent government’s measures to stabilise the national economy will come under discussion.
On the invitation of President Donald J. Trump, PM Khan will embark on a visit to the US on July 21. The prime minister will meet President Trump at the White House on July 22 to discuss a wide range of bilateral and regional matters. The PM’s US visit would be the first summit-level engagement between Pakistan and the United States since both leaders assumed their respective offices.
During his various engagements in Washington, the prime minister will outline his vision of Naya Pakistan and underscore the importance Pakistan attaches to a broader and multi-faceted relationship with the United States. In the regional context, the premier will underscore Pakistan’s commitment to peace and stability and the importance of constructive engagement to promote a political solution in Afghanistan. He will also highlight Pakistan’s policy of ‘peaceful neighbourhood’ aimed at resolving disputes through dialogue and promoting the vision of peace, progress and prosperity in South Asia and beyond.

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