Islamabad July 1 2022: A US-delegation headed by Mr. Dilawar Syed, State Department’s Special Representative for Commercial and Business Affairs called on Federal Minister for Finance and Revenue Mr. Miftah Ismail at Finance Division, today.
The US delegation showed their interest in investments in various sectors including wind, renewable energy, textile and agricultural sector.
The delegation shared that the DFC is planning to revise the Power Purchase Agreements (PPAs) of its sponsored wind power projects depending upon the support and cooperation of government of Pakistan.
Earlier, the Finance Minister welcomed the delegation and apprised them about the economic challenges being faced by the present government. The Chair also apprised the delegation about the reforms in policies that have been undertaken by the present government to tackle these challenges. It was further shared that these reforms aim at enhancing the GDP growth, attracting the Foreign Direct Investment and augmenting the exports of the country.
The Finance Minister also shared that present government is committed to provide more conducive environment for the foreign investment and is also promoting the foreign companies especially involved in automobile and mobile assimilation for promotion of exports.
Ms. Gaia Self, regional policy lead for Europe and Central Asia, Development Finance Corporation; Mr. Dan Froats, Economic Counselor, US Embassy; Secretary Finance and senior officers from Finance Division and US Embassy attended the meeting.
The Finance Minister, on concluding note, shared that present government is striving hard for bringing in growth in energy, export and foreign investment and every required step in this regard would be undertaken.