Islamabad, August 02, 2016 (PPI-OT):The Minister for Finance, Senator Mohammad Ishaq Dar arrived in Dubai to participate in the on-going negotiations with International Monetary Fund (IMF) relating to the 12th and last Review under the Fund program. The minister met with the IMF Mission Chief and its members and received briefings from Pakistan team also.
The Minister expressed satisfaction on the progress of the negotiations and remarked that he was confident that the last review would be successfully concluded. He said this would be a historic occasion, as it would be for the first time that a medium term reforms program supported by IMF would be successfully concluding at the close of its three-year term. The economy has undergone massive transformation during this period.
The macroeconomic framework is stable because of rising growth, declining inflation, fiscal consolidation aided by rising tax collections, stable external account and higher reserves. The Minister further stated that the path of growth and stability would remain the hallmark of economic management after the conclusion of the Fund program as per manifesto of Pakistan Muslim League-N under the leadership of Prime Minister Nawaz Sharif.
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