[vc_row][vc_column][vc_column_text dp_text_size=”size-4″]Canadian High Commissioner to Pakistan Leslie Scanlon met with Federal Minister for Finance & Revenue Senator Muhammad Aurangzeb at the Finance Division today.
The minister discussed the successful completion of the nine-month Stand-By Arrangement (SBA) with the International Monetary Fund (IMF) and mentioned ongoing talks with the IMF mission for further engagement.
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He highlighted key government reform priorities, including improving the tax-to-GDP ratio by taxing previously untaxed segments, comprehensive digitalization, and administrative reforms. Consultants have been engaged to assist in these efforts.
The minister also reaffirmed the prime minister’s commitment to privatizing State-Owned Enterprises (SOEs), noting a positive response from local and foreign investors for the privatization of Pakistan International Airlines (PIA). He addressed the complex energy sector issues, explaining that DISCO boards have been reconstituted with private sector experts to enhance efficiency.
Additionally, he emphasized the role of the Special Investment Facilitation Council (SIFC) as a practical single-window platform to streamline investment processes and attract foreign investments.
The High Commissioner acknowledged the government’s efforts to improve the economy and expressed hope for Pakistan’s economic growth and stability. She assured that Canada will continue to support Pakistan’s socio-economic development.[/vc_column_text][/vc_column][/vc_row]
