Pakistan Economy IMF Programme Progress & SBP Report

Dr Abdul Hafeez Shaikh, Adviser to the PrimeMinister on Finance and Revenue on 29 October claimed that the government was serious about implementation of the IMF programme.

“The containment of currentand fiscal deficits and stabilization of exchange rate are indicative of thesuccess of government efforts to put the economy on the long-term growthtrack,”he said while talking to the IMF mission team led by Ramirez RigoErnesto who called on the Adviser and his team at the Finance Division as per apress release.

Governor, State Bank of Pakistan, Reza Baqir, Secretary FinanceNaveed Kamran Baloch, FBR Chairman Shabbar Zaidi, Special Secretary FinanceOmar Hamid Khan and other senior officials of the Finance Division and thelocal IMF officials were also present.

The press release claimed that Ramirez RigoErnesto appreciated the positive results being produced by the policies andstrategies put in place by the government to remove imbalances in the economyas volatility of the exchange rate had been reduced while successes have also been achieved in other areas, especially on the fiscal front, which indicatedthe government was moving in the right direction.    ...........................


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