ISLAMABAD: Federal Minister for Finance, Senator Mohammad Ishaq Dar chaired the Monetary and Fiscal Policies Coordination Board meeting here.
The Minister emphasised to have a more broad based inclusive growth and better coordination between the monetary and fiscal policies in view of rapidly changing global economic environment. He particularly emphasised on enhancing the exports and stressed importance of the Cabinet Sub-Committee on Production and Exports in identifying steps and measures which would enhance exports.
He said that government is cognizant of the declining trend in exports and will take all possible measures to reverse the trend.
Meanwhile chairing a Special Steering Committee meeting for FATA Temporarily Displaced Persons (TDPs) Emergency Recovery Project he emphasized that the success of Operation “Zarb-e-Azb” depended upon the well coordinated efforts of all stakeholders. He stated that the total cost of the operation was US$ 1.9 billion, of which the cost of rehabilitation is US$ 800 million; US$ 530 million is for Security enhancement and the operational cost is US$ 270 million of which the Government had disbursed half of the amount and would continue to support till the successful completion of the operation. Similarly Government has also spent US$300 million for wheat subsidy and other TDP related expenses.
The Minister was pleased to note that all the stakeholders which include Federal Government, FATA, SAFRON and security forces had worked diligently and in a coordinated manner in order to achieve objectives of the operation for safe return of FATA TDPs. He appreciated the efforts of World Bank for financing of US$ 75 million for cash transfer support to FATA TDPs. He directed NADRA to leave no stone unturned in preparation of software and mechanism that would pass the tests of all international standards of transparency as this was the hallmark of the government.
