ISLAMABAD, Pakistan: The Finance Minister Senator Muhammad Ishaq Dar on Saturday urged further improvement in debt management through adoption of the best international practices and standards.
While chairing a meeting on debt management in Islamabad, the minister said that the sustainability profile of public debt had improved significantly during the tenure of present government. He said that this fact had been acknowledged by international credit rating agencies in the form of credit rating upgrades for Pakistan.
Ishaq Dar appreciated the efforts of the Debt Policy Coordination Office. However, he also urged further improvement in debt management through adoption of the best international practices and standards.
The finance minister advised Finance Division, Economic Affairs Division and the State Bank of Pakistan to ensure close coordination among each other in order to achieve further efficiencies in debt management.
Earlier, the director general debt gave a detailed briefing to the finance minister on debt management.
The director general debt He apprised the finance minister of the reforms that have been undertaken in the Debt Policy Coordination Office during the past three years. He said adoption of the latest technology and methods had led to more efficiency and transparency in debt management.
The meeting was attended by senior officials of Economic Affairs Division, Finance Division and the State Bank of Pakistan.