ISLAMABAD - The Standard Chartered Bank on Thursday showed interest in extending financial support for Neelum Jehlum hydroelectric Project of Pakistan.
Mohsin Nathani, Chief Executive Officer, Standard Chartered Pakistan called on the Finance Minister Senator Ishaq Dar. During the meeting Nathani informed the Finance Minister that Standard Chartered Bank was upbeat about the economy of Pakistan in the backdrop of the measures taken by the new government for the revival of the economy as well as addressing structural imbalances. Mohsin Nathani’s meeting with the Finance Minister comes on the heels of an earlier meeting of Peter Sands, Group Chief Executive Officer, Standard Chartered Bank, UK held on July 4, 2013.
During the meeting Mohsin Nathani discussed various proposals for extending support to the government of Pakistan including the interest shown by Standard Chartered Bank in extending financial support for Neelum Jehlum hydroelectric Project. He informed the Finance Minister that both Standards and Poor (S&P) and Moodys are positive on Pakistan’s economy, which would open new opportunities for Pakistan.
Senator Ishaq Dar welcomed the interest shown by Standard Chartered Bank and said that the measures taken by the government including a programme with IMF are aimed to give comfort to investors. He said that these measures would help in creating an environment conducive for doing business in Pakistan and stimulate growth of the economy. Earlier, Bharat Raj Pauudyal, Ambassador of Nepal called on Senator Ishaq Dar. The ambassador congratulated the Senator Ishaq on his appointment as the Finance Minister of Pakistan as well as the impressive mandate won by PML-N during the election.
The Ambassador of Nepal discussed the forth-coming visit of a Nepalese delegation to Pakistan led by the Finance Minister of Nepal to attend the joint ministerial commission meeting between the two countries. He appreciated the interest shown by the govt for reviving the inter-ministerial forum between the countries, which last met in 2005.
Senator Ishaq Dar said that PML-N has a track record of encouraging region of forums specially. South Asian Association for Regional Cooperation (SAARC) and would like to see South Asian free trade agreement (SAFTA) play its role in increasing trade relations among member countries.
Senator Ishaq Dar said that Pakistan looks forward to the visit of the Nepalese Finance Minister to Pakistan and hopes that his visit would enhance and broaden the existing trade and economic relation between the two countries.