Islamabad: A delegation of the International Monetary Fund (IMF) review mission led by Nathan Portern Tuesday, today, called on Finance Minister Muhammad Aurangzeb at the finance ministry.
Finance Minister Muhammad Aurangzeb briefed the delegation on the economic situation of the country.
The World’s financial body was briefed on the economic situation of the country, going on reforms and other matters as well.
The government has reiterated its commitment to adhering strictly to the conditions of the loan programme.
Pakistan’s economic team has briefed the IMF delegation on macroeconomic stability, improvements in revenue collection, and progress in privatization efforts.
The delegation has been informed that the country’s exchange rate and foreign reserves have remained stable, while the fiscal deficit and primary balance have shown signs of improvement.
Officials from the Economic Wing, Budget Wing, External Finance Wing, Regulations Wing, and DG Debt participated in the discussions.
The Ministry of Finance also submitted a report on the Green Initiative, detailing climate change projects undertaken by Pakistan in line with IMF recommendations.
Sources indicate that PSDP spending and potential budgetary cuts were also discussed as part of the broader economic assessment.
The government has assured the IMF that it remains committed to the agreed economic reforms, particularly in taxation and energy sectors, to ensure compliance with the loan conditions.
The IMF team have left the ministry after holding talks.
The finance ministry and Federal Bureau of Revenue (FBR) talks with the IMF will be held in a private hotel.
The talks will continue till March 15 whereas in case of successful talks with the IMF delegation Pakistan will get one billion dollar next tranche from 7 billion dollar loan program.
