KARACHI: Federal Minster for Finance and Economic Affairs , Senator Muhammad Ishaq Dar here Tuesday said that financial indicators in the country along with GDP growth have improved and the inflation is declining against the earlier forecasts.
These financial indicators now have been endorsed by International Monetary Fund (IMF) during the second review held recently, he said.
The Finance Minister was speaking at a meeting with a delegation of HSBC Bank at State Bank of Pakistan (SBP) Headquarters, said an official statement.
Senior Advisor to HSBC Group , Shrard Couper Coles appreciated the steps taken by the Federal Government for recovery of the economy and attaining stability in forex market. The Finance Minister shared with HSBC Bank delegation that the economic development trends in Pakistan are registering upwards surge and the country now is heading towards attaining a stable place in the world investment market. It offers tremendous investment potential to the intending investors in the region as well as globally.
Senator Muhammad Ishaq Dar lauded the decision of HSBC to consider Pakistan as a projected investment market in multiple development sectors and assured his Government’s full support for the sale of Hong Kong HSBC Bank Limited.
State Bank will expedite necessary regulatory permission following the rules and regulations as and when needed. The HSBC Bank delegation noted that this meeting with Federal Minister will be beneficial and would help in expanding the areas of financial interaction between the financial sector interest domains of Pakistan and HSBC Bank.