IMF Expresses Willingness to Collaborate with Pakistan

The International Monetary Fund (IMF) has expressed its willingness to collaborate with Pakistan to address the country’s economic challenges, according to Director of IMF’s Middle East and Central Asia Department Jihad Azour.

Objectives of the New Program

The proposed bailout program aims to:

• Maintain macroeconomic stability
• Reduce the budget deficit
• Strengthen revenue collection
• Bolster financial standing and debt management
• Provide additional social assistance
• Reform the energy sector
• Improve the business environment
• Support the private sector
• Enhance exports

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IMF Commends Pakistan’s Recent Efforts

Azour commended Pakistan’s recent economic measures, noting that they have provided an opportunity to stabilize the economy.

He also highlighted the success of the recent economic review and indicated that the final review will soon be presented for approval.

Positive Market Response

The IMF director noted the positive market response to recent economic measures and the improvement in foreign exchange reserves.

He also mentioned that Pakistan’s bilateral partners are eager to provide additional financial support.

Mutual Commitment to Economic Growth

The IMF readiness to collaborate with Pakistan underscores a mutual commitment to addressing economic challenges and fostering sustainable growth.

Stay Updated

Stay tuned for further updates on Pakistan’s economic developments and IMF negotiations!