Thursday, 02 May 2024, 12:16:51 pm

Pakistan wants larger, extended programme with IMF: Aurangzeb
April 19, 2024

Minister for Finance and Revenue, Muhammad Aurangzeb says Pakistan wants to enter into a larger and extended programme with IMF.

Attending the Roundtable conference with Investors in Washington he highlighted Pakistan’s stable macroeconomic indicators including declining inflation, stable currency, strong growth of agriculture sector, strong remittances, rising forex reserves and buoyant stock market.

He also discussed key priorities of the Government around taxation, energy sector reforms and privatization programme.

Meanwhile, the Finance Minister held a meeting with Moody's Investor Service on the sidelines of IMF and World Bank Spring meetings in Washington.

During a meeting, the Finance Minister briefed them about key economic indicators and how macro-economic stabilization has been achieved after entering into Stand-by Arrangement with IMF.

He highlighted key priorities of the government around tax reforms, energy sector reforms and privatization agenda.

He said government wants to tap international capital markets with a focus on Middle East and China.

He also addressed key questions related to inflation, level of foreign exchange reserves, debt repayments, external account vulnerability and domestic liquidity.