No significant obstacles stand in IMF talks says Finance Minister
ISLAMABAD: With negotiations nearing their conclusion and no significant obstacles standing in their way, Finance Minister Muhammad Aurangzeb has voiced confidence that Pakistan will soon hear positive news from the International Monetary Fund (IMF).
Pakistan is on course to fulfill the IMF’s goals for economic restraint. He emphasised that discussions with the global lender are progressing smoothly and that the ongoing talks will conclude soon, Finance Minister while Speaking to journalists on Friday. the minister reassured that
Pakistan is following the financial plan that was agreed upon. we remain focused on fiscal responsibility, which will help secure the next tranche of funding. Aurangzeb underscored the government’s commitment to economic reforms.
In the first review of the $7 billion loan program, Pakistan and the IMF have made great strides toward a Staff-Level Agreement (SLA).
“Significant progress was achieved in the direction of a Staff Level Agreement on the first review between the IMF and the Pakistani authorities,” said IMF Mission Chief to Pakistan Nathan Porter, in a statement last week
From February 24 to March 14, the IMF team, headed by Porter, visited Pakistan to discuss the first evaluation of the EFF-backed economic program in Pakistan and the potential for a new agreement under the lender’s Resilience and Sustainability Facility (RSF).
According to the government, Pakistan is on track for a long-term recovery, and the country’s most recent loan program, which was obtained by the government of Prime Minister Shehbaz Sharif last year, has been crucial in stabilizing the economy.
ISLAMABAD: The Pakistan Telecommunication Authority (PTA) has issued a warning for mobile phone users against…
ISLAMABAD: Iranian President Dr. Masoud Peshkeskian met President Asif Ali Zardari and Prime Minister Shehbaz…
ISLAMABAD: The government has approved a reduction in advance tax rates on property buyers and…
RAWALPINDI: Chief of Army Staff, Field Marshal Syed Asim Munir, met with Iranian President Masoud…
LAHORE: Following the reduction of petroleum prices, solar panels and batteries witnessed a sharp fall…
ISLAMABAD: State Bank of Pakistan (SBP) has declared a two-day public holiday for Ashura (9th &…