IMF mission lauds govt’s commitment to meeting first quarter targets

The International Monetary Fund review mission has lauded Pakistan’s efforts in the first quarter as the country seeks a second tranche of loan worth $710 million under the current Stand-By Arrangement of $3 billion.

“Mr Nathan Porter, IMF Mission Chief, appreciated the Govt’s commitment to meeting the 1st Quarter targets, and commended the Govt’s efforts and measures taken in some critical areas,” the finance ministry statement said in a statement on Thursday.

Caretaker Federal Finance Minister Shamshad Akhtar held a meeting with the IMF review mission led by IMF chief Porter at the Finance Division.

The meeting was attended by IMF resident representative Esther Perez Ruiz, SBP Governor Jamil Ahmed, the FBR chairman, SECP chairman, the finance secretary, members of the IMF delegation, and senior officers from the Finance Division.

Porter stressed the need for the continuation of efforts to stay on track for the economic stability of the country.

Akhtar briefed the mission on fiscal measures being taken by the government to improve the economic situation. They also had discussions on comprehensive reforms and measures undertaken by FBR and the government’s strategies to address the circular debt issue.

The finance minister expressed her appreciation for the continued support and assistance of the IMF. She reaffirmed the government’s commitment to working closely with the IMF to ensure the successful completion of the SBA and achieve the economic objectives.