{"id":18654,"date":"2024-09-16T08:11:50","date_gmt":"2024-09-16T08:11:50","guid":{"rendered":"https:\/\/theasiantelegraph.global\/?p=18654"},"modified":"2024-09-16T08:11:51","modified_gmt":"2024-09-16T08:11:51","slug":"soe-reforms-aimed-at-enhanced-efficiency-financial-sustainability-fm-finance","status":"publish","type":"post","link":"https:\/\/theasiantelegraph.global\/?p=18654","title":{"rendered":"SOE reforms aimed at enhanced efficiency, financial sustainability, FM Finance"},"content":{"rendered":"\n
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Federal Minister for Finance and Revenue Hosts Dinner in Honor of ADB President<\/p>\n\n\n\n

Islamabad – Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb hosted a dinner in honor of Mr. Masatsugu Asakawa, President of the Asian Development Bank (ADB), and his delegation.<\/p>\n\n\n\n

The event was also attended by Federal Minister for Power Sardar Awais Ahmad Khan Leghari, Federal Minister for Petroleum Mr. Mussadiq Masood Malik, Minister of State for Finance and Revenue Mr. Ali Parvez Malik, Chairman SECP, Deputy Governor SBP, Secretary Finance, Secretary for Petroleum, Special Secretary of the Economic Affairs Division, senior officials from the Ministry of Finance, and representatives of the ADB.<\/p>\n\n\n\n

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In his welcoming remarks, the Finance Minister highlighted Pakistan\u2019s long-standing partnership with the ADB, underscoring the pivotal role the bank has played in supporting Pakistan\u2019s development agenda. He commended ADB’s continued assistance in key sectors such as infrastructure, energy, education, and social development.<\/p>\n\n\n\n

Minister Aurangzeb provided an update on the government’s recent reforms of State-Owned Enterprises (SOEs), aimed at improving governance, efficiency, and financial sustainability. He noted that these reforms are central to Pakistan\u2019s economic revitalization. Mr. Asakawa appreciated the efforts undertaken by Pakistan in this regard, reaffirming ADB\u2019s support for the ongoing SOE reforms and their role in strengthening the country\u2019s fiscal framework.<\/p>\n\n\n\n

The Minister also took the opportunity to request ADB to further engage the private sector in Pakistan, emphasizing that the private sector will play a leading role in driving the country\u2019s future growth and development. This, he said, will ensure a dynamic, sustainable, and resilient economy for Pakistan.<\/p>\n\n\n\n

In addition, Minister Aurangzeb highlighted Pakistan’s achievements related to the Policy-Based Guarantee and the Reko Diq guarantee, both of which have been made possible through the sovereign window. Mr. Asakawa acknowledged these accomplishments and commended Pakistan\u2019s commitment to ensuring transparency and long-term sustainability in managing key financial obligations.<\/p>\n\n\n\n

Mr. Masatsugu Asakawa, in his response, acknowledged the robust relationship between Pakistan and ADB. He reaffirmed the Bank\u2019s commitment to supporting Pakistan\u2019s development goals, focusing on projects that promote inclusive growth, innovation, and climate action. He also appreciated Pakistan\u2019s efforts in implementing reforms that align with ADB\u2019s broader vision for the region.<\/p>\n\n\n\n

The dinner provided an opportunity for open and constructive discussions between Pakistani officials and the ADB delegation, paving the way for future collaboration on critical projects.<\/p>\n","protected":false},"excerpt":{"rendered":"

Federal Minister for Finance and Revenue Hosts Dinner in Honor of ADB President Islamabad – Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb hosted a dinner in honor of… <\/p>\n","protected":false},"author":8,"featured_media":18655,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,13],"tags":[350,103],"class_list":["post-18654","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-main-stories","tag-asian-development-bank-adb","tag-federal-minister-for-finance"],"_links":{"self":[{"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=\/wp\/v2\/posts\/18654","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18654"}],"version-history":[{"count":1,"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=\/wp\/v2\/posts\/18654\/revisions"}],"predecessor-version":[{"id":18657,"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=\/wp\/v2\/posts\/18654\/revisions\/18657"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=\/wp\/v2\/media\/18655"}],"wp:attachment":[{"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18654"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18654"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}