SCB interested in financially supporting Neelum-Jehlum project

Ishaq Dar welcomed the bank's interests and said that the measures taken are aimed to give comfort to investors.

ISLAMABAD: Chief Executive Officer Standard Chartered Pakistan Mohsin Nathani in a meeting with Finance Minister Ishaq Dar discussed various proposals for extending support to the government of Pakistan including the interest shown by the bank in extending financial support for the Neelum-Jehlum hydro-electric Project.

During the meeting, Mohsin Nathani informed the Ishaq Dar that the 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.

Nathani’s meeting with the finance minister comes on the heels of an earlier meeting with the Bank's Group Chief Executive Officer Peter Sands, held on July 4, 2013.

Nathani informed the finance minister that both Standards and Poor (S&P) and Moodys were 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 program with IMF are aimed to give comfort to investors.

These measures would help in creating an environment conducive for doing business in Pakistan and stimulate growth of the economy, he said.