Tarin directs setting up body for capital market development
July 20, 2021
ISLAMABAD: Finance Minister Shaukat Tarin on Monday directed concerned authorities to set up a coordination committee to implement recommendations for the development of the country’s capital market roadmap, which was prepared by the Capital Market Advisory Council (CMAC).
The minister chaired the first meeting of the CMAC held at the Finance Division. Special Assistant to the Prime Minister on Finance and Revenue Dr Waqar Masood, secretary finance division, Securities and Exchange Commission of Pakistan (SECP) Chairman Aamir Khan, HBL Chairman Sultan Ali Allana and other senior officials participated in the meeting. State Bank of Pakistan Governor Reza Baqir joined through a video link.
In this 2019 file photo, Reza Baqir, Governor of the State Bank of Pakistan (SBP), takes a question from a reporter (not pictured) during a news conference at the head office in Karachi. Reuters/File
WASHINGTON: State Bank of Pakistan Governor Reza Baqir on Thursday said that negotiations with the International Monetary Fund (IMF) on the 6th review of its $6 billion financial package were going smoothly.
Last month, the IMF also said it was holding open and constructive discussions with Pakistan on the 6th review and stood ready to support the country in achieving its objectives of debt sustainability.
In July 2019, the IMF had approved a 39-month $6bn arrangement for Pakistan under its Extended Fund Facility (EFF) to support Islamabad’s economic reform programme.
IMF and Pakistan s goals are aligned: SBP Governor Reza Baqir geo.tv - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from geo.tv Daily Mail and Mail on Sunday newspapers.
Daily Times
May 20, 2021
ISLAMABAD: State Bank of Pakistan Governor Reza Baqir called on Prime Minister Imran Khan in Islamabad on Thursday and held detailed discussion regarding Roshan Digital Account.
The governor said the Pakistani community in Saudi Arabia is showing greater interest in Roshan Digital account following the prime minister’s recent visit to the Kingdom. He said this is having a positive impact on the foreign exchange reserves.
During his visit to Saudi Arabia in May’s second week, the prime minister had addressed Pakistani community in Jeddah in connection with a ceremony related to Roshan Digital Accounts. He had acknowledged the contribution of Pakistani expatriates residing in Saudi Arabia for the progress and economic development of Pakistan.