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IMF to release $ 50 crore dollars installment to Pakistan

DUBAI: Eleventh economic reviewing meeting between Pakistan and IMF has completed with success, after which Pakistan will receive $ 50 crore dollars installment to Pakistan.

Eleventh economic reviewing meeting between Pakistan and IMF has ended, while Finance Minister Ishaq Dar led Pakistani delegation, whereas IMF team was led by Herald Finger. Talking to media after talks, Finance Minister Ishaq Dar said that economic reviewing meeting with IMF was completed with full success, adding that all economic  indicators were declared positive. Government of Pakistan managed to integrate the budget deficit target.

He said that national economic growth was on positive node at 4.2 percent, which was highest in the last seven years.

Target of overall economic growth was affected, as cotton production affected in the country, hence this impact is likely to remain at 5 percent. Ishaq Dar said that GDP was set at six percent in next fiscal year. National Economic growth can be taken to six to seven percent after controlling security and energy crisis. He said that reform process will continue in financial sector.