President Dr Arif Alvi was visited by Federal Minister for Finance and Revenue Ishaq Dar on Friday at Aiwan-e-Sadr in Islamabad.
The president was briefed by the minister on the country‟s economic and financial outlook during the meeting, according to a press release.
The financial czar also gave the president an update on the various measures the government had taken to aid Pakistan’s citizens, particularly the underprivileged population of the country’s underdeveloped areas and those who had been affected by the recent floods.
According to the press release, the two also discussed various financial and economic issues.
Dar had stated previously that Pakistan had overcome US opposition to the purchase of Russian oil and that Islamabad intended to enter into the fuel import deal with Moscow on terms similar to those agreed upon by New Delhi.
Dar promised a decisive response to end Pakistan’s worst economic crisis after assuming power as finance minister in September of this year. He also pledged to work to control inflation and lower interest rates.
In his fourth term in the role, the chartered accountant is expected to deal with a balance of payments crisis, foreign reserves that are barely enough to cover a month’s worth of imports, historic lows in the rupee, inflation that is above 27%, and the fallout from devastating floods.