The New Zealand’s foreign minister Mr. Murray McCully in a meeting with Pakistani finance minister Mr. Ishaq Dar said that New Zealand is very keen to expand its economic relationships with Pakistan. The finance minister while welcoming the foreign minister said that there is a great potential of expanding trade and economic ties between the two counties. Pakistani government has already implemented structural reform along with necessary measure to stabilize economy.We are also working on overcoming the energy crisis through short term and long term projects in the energy sector. Pakistan is seeking international assistance and investments for indus hydel projects and also working on generating power through coal power projects in short term.
The foreign minister of New Zealand emphasized on having close relations between the two countries and also expressed the desire to maximize the cooperation. He also pointed out issue on import of dairy products from New Zealand suffering due to tax anomalies. New Zealand is also willing to offer scholarships for capacity building and developing human capital for Pakistan. New Zealand generates 50% of its power through hydel generation and they can provide expertise and technology to Pakistan for developing its hydel power projects. The High Commissioner of New Zealand to Pakistan, New Zealand’s Honorary Council General and other senior finance ministry officials of Pakistan were present at the occasion.