The Federal Minister for Finance, Asad Umar, held a number of meetings on the sidelines of the World Bank/IMF Group Annual meetings in Bali, Indonesia on Wednesday.
The Finance Minister met his Indonesian counterpart, Sri Mulyani Indrawati, and discussed matters pertaining to expansion of bilateral cooperation between the two countries.
Asad Umar emphasized upon expanding the bilateral trade relations between the two countries. The Minister, in this regard, called upon the Indonesian side to expedite the process of ratification of the additional tariff lines granted to Pakistan after comprehensive review of the PTA in 2017.
Congratulating the Finance Minister on assuming the office after recent elections in Pakistan, Sri Mulyani Indrawati reaffirmed Indonesia’s desire to expand bilateral relations and assured her support to address the points raised by the Pakistan side.
The Finance Minister, later, had a meeting with the President of World Bank, Dr. Jim Yong Kim. During the meeting the current level of Pak-World Bank cooperation was reviewed. The Finance Minister shared with the head of World Bank the vision of the new government and its priorities.
The Minister also had meetings with the senior officials of Multilateral Investment Guarantee Agency (MIGA) and OECD.
Over 15,000 delegates from 189 countries are currently in Bali, Indonesia for the IMF/WB Group Annual meetings from 10-14 October 2018. The Finance Minister is leading Pakistan’s delegation, consisting of the Governor State Bank of Pakistan, Secretary Economic Affairs Division and Special Secretary, Finance Division.
Published in Daily Times, October 11th 2018.
