Pakistan to get $500mn from AIIB - Good News
Pakistan to get $500mn from AIIB - Good News
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NewsTranscript
00:00 The Minister of Finance of WIFA has met the President of Asia Infrastructure Investment Bank in Washington.
00:06 We will talk to him. Shoaib Nizami is with us. Please inform us about this meeting, Shoaib.
00:11 The good news for Pakistan in this meeting is that the Asia Infrastructure Investment Bank has promised to provide $50 million to Pakistan.
00:20 And the agreement between GV Coin and the Minister of Finance, Mohammad Aurangzeb,
00:26 will be a simple investment for various institutions in Pakistan.
00:30 The terms of the agreement are very simple and they are long-term investments that are used in progressive relationships.
00:39 The Minister of Finance has informed us about the IMF-Pakistan update,
00:43 the economic reforms and the reforms of the financial system, and the current tax reforms.
00:49 He has also said that Pakistan's Stand-by Programme is going to be completed successfully.
00:54 Pakistan is trying to develop a very long-term programme for the new tax programme so that we can fully implement the existing facilities.
01:03 Thank you, Shoaib.
01:05 [BLANK_AUDIO]