In meeting with IMF team, Pakistan vows to fully implement $7bn loan program
The second day of discussions between Pakistan and the International Monetary Fund (IMF) took place at the Ministry of Finance, where both parties reviewed Pakistan’s progress on the $7 billion loan program.
The IMF delegation, led by mission chief Nathan Porter, was welcomed by Federal Finance and Revenue Minister Muhammad Aurangzeb, along with Minister of State for Finance Ali Pervaiz Malik, the State Bank governor, and the chairman of the Federal Board of Revenue (FBR).
During the meeting, progress made so far in the implementation of Pakistan’s $7 billion loan program was discussed.
Finance Minister Aurangzeb briefed the IMF delegation on Pakistan’s achievements in meeting most of the program’s targets for the first quarter of the current fiscal year. He affirmed the government’s commitment to fully implementing the IMF program and pledged to continue reforms aimed at fostering economic stability.
Finance Ministry officials confirmed that the IMF delegation would remain in Pakistan until November 15 to conduct further evaluations.
On Monday, the International Monetary Fund (IMF) delegation arrived in Pakistan and commenced discussions with Federal Board of Revenue (FBR) officials on the nation’s fiscal performance. The team, led by the FBR chairman, briefed the IMF on tax collection and revenue figures for the first quarter of the current financial year.
