Dar dis­cusses steps for im­prov­ing public debt man­age­ment

The Pak Banker - - FRONT PAGE -

Fi­nance Min­is­ter, Ishaq Dar here on Sun­day chaired a meet­ing to dis­cuss mea­sures for im­prov­ing public debt man­age­ment. Di­rec­tor Gen­eral (Debt), Fi­nance Di­vi­sion, briefed the Fi­nance Min­is­ter about the steps taken for syn­chro­niza­tion of re­tail and whole­sale debt, said a state­ment is­sued here.

The Min­is­ter asked for data pro­jec­tions re­lated to ex­ter­nal debt and di­rected that Eco­nomic Af­fairs Di­vi­sion (EAD) might share the said data with the Debt Of­fice on reg­u­lar ba­sis. Dur­ing the course of the dis­cus­sion, it was agreed that there was a need to have an op­ti­mal com­po­si­tion be­tween do­mes­tic and ex­ter­nal debt port­fo­lios for cost ef­fec­tive­ness. The Min­is­ter ap­pre­ci­ated all the ef­forts for ef­fec­tive debt man­age­ment and pro­vided guide­lines with re­gard to mar­ket is­sues and in house im­prove­ment.

Ear­lier, Dar said the Ja­panese com­pa­nies were an im­por­tant facet of Pak-Ja­pan eco­nomic link­ages and ap­pre­ci­ated their con­tri­bu­tion in the Pak­istani mar­ket. He was talk­ing to Ja­panese Am­bas­sador to Pak­istan Hiroshi Ino­mata, who called on him dis­cuss the is­sues be­ing faced by Ja­panese com­pa­nies.

The en­voy in­formed the min­is­ter about the visit of JICA team to Pak­istan which would eval­u­ate the progress on Energy Sec­tor DPC-II. He also ap­prised him of tax re­lated mat­ters, in­clud­ing sales tax re­funds, raised by the Ja­panese com­pa­nies op­er­at­ing in Pak­istan, said a Fi­nance Min­istry press re­lease. He also shared with the min­is­ter the re­quest of Ja­panese phar­ma­ceu­ti­cal com­pany, Otsuka Pak­istan, for re­vi­sion of prices of in­fu­sion so­lu­tions keep­ing in view the hike in their cost of pro­duc­tion.

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