In meeting with Dar, British envoy offers UK's help in easing Pakistan's economic crisis

Acting British High Commissioner Andrew Dalgleish met Minister for Finance and Revenue Senator Mohammad Ishaq Dar on Wednesday and offered the United Kingdom's help in easing Pakistan's economic crisis.

During the meeting, the officials discussed the current macroeconomic situation of the world as well as Pakistan.

Dar briefed the envoy on the progress in talks with the International Monetary Fund (IMF) and apprised him of the overall economic outlook of the country.

The finance minister also briefed the envoy on pragmatic policies and programmes of the government being undertaken to increase revenue generation and bring economic stability and growth.

The British official commended the practical measures being undertaken by the present government and offered "all possible help" in mitigating the socioeconomic crisis. For his part, the finance minister appreciated Dalgleish for his cooperation and support.

Special Assistant to Prime Minister on Finance Tariq Bajwa, special secretary finance and other senior officers from the Finance Division also attended the meeting.

Pakistan has been facing economic turmoil for the last several months, which has been exacerbated by a worsening foreign exchange reserves situation, a spiralling rupee and record inflation. The government has been in talks with the IMF for the release of an economic bailout to avoid the threat of default.