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Pakistan on track to secure new loan from IMF: Finance Minister – Prime Time News24

Finance Minister Muhammad Aurangzeb has stated Pakistan is on monitor to safe a brand new mortgage from IMF.

In an interview , Muhammad Aurangzeb stated the IMF has been very receptive when it comes to agreeing to think about a bigger and longer programme.

The Finance Minister stated Pakistan would want not less than three years of assist to hold out a reform agenda throughout a number of sectors together with taxation and vitality.

Muhammad Aurangzeb stated macroeconomic elements are shifting in Pakistan’s favour as it really works to spice up its lagging financial system.

The Finance Minister stated Pakistan’s foreign money has stabilized and the inflation is on monitor to drop to single-digit ranges by the top of subsequent yr.

Earlier, Speaking to President of Asia Infrastructure Funding Financial institution (AIIB) Jin Liqun in Washington DC, he recognized broadening the tax base, fixing the vitality sector, and endeavor state-owned enterprise (SOE) reforms as key priorities of the federal government.

The Finance Minister briefed the AIIB President on Pakistan’s constructive financial indicators, together with enhancing overseas trade reserves, a secure foreign money, declining inflation charges, and a surging inventory market.

Muhammad Aurangzeb reaffirmed Pakistan’s dedication to proceed working intently with AIIB on the infrastructure growth of the nation.

The Finance Minister met with Managing Director of Worldwide Finance Company Makhtar Diop. He expressed gratitude to IFC for its assist within the outsourcing of the Islamabad airport, which can be adopted by related initiatives in Lahore and Karachi.

He famous with satisfaction the uptick in IFC actions within the nation and requested the company’s assist in aiding the federal government in shifting its Public Sector Growth Program (PSDP) to PPP mode.

The Finance Minister additionally with Deputy Below Secretary for Worldwide Finance on the U.S. Division of Treasury Brent Neiman and briefed him on Pakistan’s constructive financial indicators within the wake of the Stand-By Association (SBA) signed with the Worldwide Financial Fund.



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