IMF acknowledges progress in economic reforms in Pakistan
By Web Deskupdated : 8 months ago
ISLAMABAD: 14, FEBRUARY, 2020: The International Monetary Fund (IMF) on Friday has acknowledged progress in economic reforms in Pakistan.
IMF Director of Communications Gerry Rice said during a press briefing in Washington that IMF's staff mission is currently in Pakistan and talks with Pakistani authorities are underway.
He said that another review of the Pakistani economy is being conducted under the IMF program and under Article 5 detailed consultations on economic health are also underway.
On the other hand, Pakistani Ministry of Finance officials said talks between Pakistan and the IMF are likely to be successful today.
The IMF acknowledges progress in economic reforms in Pakistan.
The International Monetary Fund (IMF) has had a heated debate over the issue of electricity, gas prices and circulation loans, he said.
It has also assured to increase non-tax revenue, including privatization of government entities.
Tax revenues and remittances are also on the rise, finance ministry officials said.
The IMF, however, called on Pakistani authorities to increase tax revenue.
Remember that Pakistan is likely to receive the next $ 45 million installment on the success of other economic review talks.
On July 3, 2019, the IMF approved a $ 6 billion loan for Pakistan, which will be issued periodically in three years. Pakistan has so far received two installments of $ 1.4 billion in loans from the IMF. (04)
IMF acknowledges progress in economic reforms in Pakistan
By Web Deskupdated : 8 months ago
ISLAMABAD: 14, FEBRUARY, 2020: The International Monetary Fund (IMF) on Friday has acknowledged progress in economic reforms in Pakistan.
IMF Director of Communications Gerry Rice said during a press briefing in Washington that IMF's staff mission is currently in Pakistan and talks with Pakistani authorities are underway.
He said that another review of the Pakistani economy is being conducted under the IMF program and under Article 5 detailed consultations on economic health are also underway.
On the other hand, Pakistani Ministry of Finance officials said talks between Pakistan and the IMF are likely to be successful today.
The IMF acknowledges progress in economic reforms in Pakistan.
The International Monetary Fund (IMF) has had a heated debate over the issue of electricity, gas prices and circulation loans, he said.
It has also assured to increase non-tax revenue, including privatization of government entities.
Tax revenues and remittances are also on the rise, finance ministry officials said.
The IMF, however, called on Pakistani authorities to increase tax revenue.
Remember that Pakistan is likely to receive the next $ 45 million installment on the success of other economic review talks.
On July 3, 2019, the IMF approved a $ 6 billion loan for Pakistan, which will be issued periodically in three years. Pakistan has so far received two installments of $ 1.4 billion in loans from the IMF. (04)
