There is a softening of stance of the International Monetary Fund (IMF) regarding Pakistan. IMF is ready to help Pakistan which is facing cash crisis. Jihad Azor, director of the IMF’s West Asia and Central Asia department, told reporters on the sidelines of a meeting of the IMF and the World Bank that there has been interest in a new program to help address some of the key challenges. He said that on the basis of the current program started 10 months ago, Pakistan has achieved many important achievements in terms of economic stability.
There is a plan for Pakistan
The IMF official expressed hope that the previous review was successful and that it would be put before the Board of Directors. This would end the program that had helped Pakistan address economic imbalances and maintain its economic stability. “Those measures allowed Pakistan to increase its stockpile,” Azor said. “Currently officials have expressed interest in a new program to help Pakistan address some of its key challenges.”
Economic stability is important
Jihad Azor said that one of these is to maintain macroeconomic stability. This will require continued work on the fiscal side to strengthen the fiscal position by reducing the level of budget deficit and improving the revenue position. The increase in revenue will not only help the government address the debt situation but will also provide scope for providing additional social assistance.
energy sector reform
The second goal will be to improve the energy sector. Azor said, “This has been a priority for a long time and is still an important dimension for Pakistan which needs improvement.” Pakistan Finance Minister Muhammad Aurangzeb is currently in the US capital to attend IMF meetings. Are in. Pakistan is facing serious economic and security challenges. (Language)
Also read:
The biggest update on the attack on Iran, know what Israel Army and Iran officials said
Israel attacks Iran, blasts shake the area around Isfahan Airport
Latest World News