Economy Facing Hard Times Due To Devastating Floods, Says Miftah Ismail.

ISLAMABAD -- Federal Minister for Finance and Revenue Miftah Ismail on Thursday said that due to devastating floods in the country, the economy was going through hard times, saying floods have damaged the agriculture sector and infrastructure badly.

Finance Minister made these remarks in a meeting with Derek Chollet, Counselor of the US Department of State, who was accompanied with Donald Blome, Ambassador of the United Stated of America to Pakistan. Finance Minister Miftah Ismail welcomed the delegation and shared about the mutual multi-dimensional ties between Pakistan and the US. The finance minister apprised the delegation of US Department of State about the current overall macroeconomic outlook of the country. The finance minister also shared about administrative measures being undertaken by the present government for dealing with these challenging times. He further apprised that due to devastating floods in the country, the economy is going through hard times that have damaged the agriculture sector and infrastructure badly.

Miftah Ismail further enlightened the delegation that Pakistan's path to sustainable economic growth has become narrow due to the devastation caused by the floods but present government's top priority is to sustain the path of economic growth. The minister also apprised the delegation on the progress on World Bank's programs in Pakistan namely RICE and PACE. Derek Chollet, Counselor of the US Department of State, introduced his team and appreciated the efforts of the finance minister of Pakistan on...