Inflation likely to decrease further, says Asad Umar

Federal Minister for Planning, Development and Special Initiatives urges British investors to invest in new areas

ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Asad Umar on Monday appreciated the current level of Britain’s engagements in Pakistan and affirmed the resolve that bilateral business and investment relations would be taken to new heights.

In a meeting with British High Commissioner Dr Christian Turner, the federal minister highlighted the potential for British investors in new areas of economy such as telecommunication, information technology, agriculture, healthcare, higher education and skill development.

Both sides affirmed the resolve to further expand relations and increase economic, cultural and educational cooperation.

Umar said the reform process was bearing fruit as Pakistan’s economy was taking off and inflation was likely to decrease further.

He remarked that Pakistan was on the path to sustainable growth and after successful implementation of the International Monetary Fund (IMF) programme Pakistan would overcome the balance of payments problem.

Umar said the China-Pakistan Economic Corridor (CPEC) had entered its second phase and its development would be led by the private sector.  

Published in The Express Tribune, March 3^rd, 2020.

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