Pakistan Will Soon Set up Import-Export Bank: Dastagir

Pakistan Will Soon Set up Import-Export Bank: Dastagir|PakistanTribe.Com

Pakistan Will Soon Set up Import-Export Bank: Dastagir|PakistanTribe.Com

ISLAMABAD – Commerce Minister Khurram Dastgir has said that Pakistan will soon set up its own import-export bank to boost trade activities, PakistanTribe learnt through televised media.

While speaking at a US Aid Forum here in Islamabad on Tuesday, the minister said that Pakistan wanted trade and not aid from the US. He said that Pakistan was currently passing through economic crisis, which could only be overcome through trade.

He also said that energy crisis was denting economic progress, however, he said that the government was working on mega projects to overcome the energy issue. Dastgir said that around 17 Mega Watts (MW) electricity has been added to the national grid in the last one and a half year.

A delegation of the USAID led by its Director Gregory C. Gottlieb is currently on a trip to Pakistan to explore trade avenues between the two countries.

Earlier, the delegation also met Finance Minister Ishaq Dar, who told them that during the previous government of Prime Minister Nawaz Sharif institutions like the Board of Investment (BOI) and the Small and Medium Enterprises Development Authority (SMEDA) were created to encourage business activities by facilitating traders through provision of a conducive environment.

These institutions, the finance minister said, has once again gained attention after the Pakistan Muslim League-Nawaz (PML-N) government came to power.

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