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US House Appropriation Committee discusses economic issues with Dar


Saturday, 15 February 2014   09:34:42

US House Appropriation Committee discusses economic issues with Dar

      ISLAMABAD, Feb 14 (APP): A US House Appropriation Committee
(US-HAC) delegation led by Chairman of the Sub-Committee on
Defence Rodney P Frelinghuysen, Friday had a meeting here at the
Ministry of Finance on issues of bilateral political and economic
concerns.
       The Pakistani side was led by Minister for Finance
Mohammad Ishaq Dar, which also had representation from the
Ministry of Defence.
       Dar briefed the US-HAC delegation about the role, mandate
and functioning of the Ministry of Finance under the federal
government.
      He underscored the government's special emphasis on
three specific areas of development focus, including "economy,
energy and security" in the wider context of regional and
international situation as well as sharing an update on bilateral
relations.
      The minister reiterated that the clearance of Coalition
Support Funds (CSF) by the United States needed to be streamlined
and quickened to meet regional political exigencies.
      It was placed on record that Pakistan's ongoing financial
stringencies in the wake of instant security situation in the Af-Pak
region needed special attention by both the countries in post-allied
forces withdrawal in 2014 onwards.
       It was also impressed upon the visiting US-HAC delegation
that Pakistan did have noticeable concerns in the context
of ongoing complex regional security situation, which primarily
constituted the democratic government's political focus for
peace to be given a fair chance.
      The Finance Minister brought home to the US-HAC delegation
the enormity of Pakistan's human and economic loss in the
wake of ongoing war on terror.
      He underlined that the political government and the armed
forces in Pakistan were on one page in prioritizing strategic
options to curb terrorism and attain the mutually-shared goals
of peace in the region.
       The US delegation expressed its fullest possible
understanding of untold sacrifices rendered by Pakistan in terms of
loss of human life and persistent setbacks to the national economy.
      It assured the Pakistani side to continue to work for
supportive efforts to scale down all procedural impediments in order
to streamline CSF processing.
       The Pakistani side also presented a political review of
Af-Pak situation in post-NATO and US forces' withdrawal that
did merit strategically worked out prudent handling, taking stock
of historical political factors relating to a difficult geographical
terrain in the region.
      It was stressed that Pakistan and the US needed to join their
efforts leading to a compact strategic deliberations process, which
did have a positive political forecast resulting in political and
economic stabilization in the Af-Pak region.
      The minister emphasized that both the countries needed to
re-focus their strategic considerations in the region and mutually
work for political and economic rehabilitation of a war-torn part of
South West Asia.
      The democratic government in Pakistan shared its
commonality of views with its US counterparts beyond 2014 in terms
of bilaterally useful alliances, which also took into account all
political, economic and military dimensions of a complex situation
in the region, he added.
       The Pakistani side further impressed upon the US delegation
the significance the people of Pakistan attached with
cherished moderate value system that did merit deeper understanding
by the US government and the people both.
      Rodney P Frelinghuysen appreciated Pakistani citizens' social
diaspora in the US, describing it entrepreneurial, dynamic and
energetic, which usefully was contributing to the US political economy
in all sectors of development.
      He assured Ishaq Dar of US continued support that would focus
mutually beneficial work for peace and stability in the Af-Pak
region through a package of political and economic support that was bilaterally identified.
      The US Ambassador to Pakistan Richard Olson also attended
the meeting.