|
|
|
|
|
The delegations of leading Financial Institutions of NAMURA Bank of Japan,
Citibank and Morgan Stanley, in separate meetings at Dubai with Senator Waqar
Ahmed Khan Federal Minister for Privatisation, showed their keen interest to
extend full support in the privatisation process and to bring in investment by
putting their stakes in the State Owned Entities (SoEs), says a message
received here today.
The delegates included Regional Head for Asia Pacific of NAMURA Bank of Japan,
Regional Head for Asia, Middle East & Africa of Morgan Stanley and top
officials of Citibank.
Senator Waqar Ahmed Khan who is currently on a visit to UAE and UK to meet the
leading investment banks and business groups and to brief them about the new
concept of future value added privatisation program also informed the
delegates regarding the growing economic scenario of Pakistan and informed
that the growth rate was improving while interest rate has decreased from 16
to 12 % and the inflation has also came down from 24 % to 10 %. The government
was determined to make more efforts for political stability to further
strengthen the economic stability in accordance with the vision of martyred
leader Mohtarma Benazir Bhutto, he said.
The delegates of the Financial Institutions expressed their confidence in
Pakistan’s economy and appreciated the government for bringing in stability
and its continuing efforts for the economic reforms, which were evident from
the positive economic indicators.
They appreciated the government’s resolve for bringing in political and
economic stability through reconciliation process and taking unanimous
decisions for NFC award and Baluchistan package. They assured that they would
soon visit Pakistan to further explore the investment opportunities being
extended through the Privatisation Program.