International Monetary Fund’s Resident Representative for Pakistan, Teresa Daban Sanchez has expressed satisfaction on overall macro-economic performance of the government.

She expressed these views during a conversation with relevant stakeholders on first quarterly review of 39-month arrangement made under the Extended Fund Facility for Pakistan, in Islamabad.

The IMF Resident Representative said revenue collections have increased substantially, with improvement in the trade deficit and net foreign assets.

She said there was a successful transition towards a market-based exchange rate regime by the government which helps increase foreign exchange reserves.

Teresa said the government was also successful in controlling expenditures with help of new public finance management law and avoiding borrowing from the central bank.

NNR/ Ahsan