IMF Mission Chief Commends Pakistan’s Progress on Economic Stability

Islamabad: Nathan Porter, the International Monetary Fund (IMF) Mission Chief, praised the government’s dedication to meeting first-quarter targets and applauded the proactive steps taken in critical areas during a meeting on Thursday. The discussions revolved around Pakistan’s economic stability and the importance of sustaining these efforts.

Nathan Porter met with Dr. Shamshad Akhtar, the Caretaker Federal Minister for Finance, Revenue & Economic Affairs, where he acknowledged the government’s commitment to meeting its first-quarter objectives. He also emphasized the significance of continuing these efforts to maintain economic stability in the country.

Dr. Shamshad Akhtar welcomed the IMF delegation and shared updates on the Standby Arrangement (SBA) in accordance with the press statement issued by the finance ministry.

The minister provided the IMF Mission with an overview of fiscal measures implemented by the government to enhance the economic situation. The meeting also delved into discussions on comprehensive reforms and measures undertaken by the Federal Board of Revenue (FBR). It addressed the government’s strategies to tackle the issue of circular debt, a persistent challenge in Pakistan’s economic landscape.

Dr. Shamshad Akhtar expressed gratitude for the ongoing support and assistance provided by the IMF and reiterated the government’s dedication to working closely with the fund. This partnership is aimed at ensuring the successful completion of the Standby Arrangement and the achievement of Pakistan’s economic objectives.

The meeting was attended by several prominent figures, including IMF Resident Representative Ms. Esther Perez Ruiz, Governor of the State Bank of Pakistan Jamil Ahmed, Chairman of the Federal Board of Revenue (FBR), Chairman of the Securities and Exchange Commission of Pakistan, Secretary of Finance, members of the IMF delegation, and senior officers from the Finance Division.