PR No. 115 Islamabad: November 20, 2018

An IMF mission, led by Mr Harald Finger, visited Pakistan from 7thto 20th November 2018. During this period, extensive talks were held between key ministries of the Government of Pakistan, including the Ministries of Finance, Planning, Development & Reform, and Energy, the State Bank of Pakistan, and the IMF Mission. These discussions covered all sectors of the economy. Members of Parliament and provincial finance ministries also exchanged views with the Mission. The Federal Minister for Finance, Mr. Asad Umar, chaired the concluding session with Mission today. Substantive progress has been made by the Government of Pakistan and the IMF Mission towards developing a common understanding on the policy and structural reforms framework for the prospective IMF programme, including fiscal and monetary measures, corrective interventions for balance of payments sustainability, pro-poor spending, governance and development of a business-friendly environment. The positive engagement with the IMF will continue over the coming weeks to finalise the programme with the Fund. The Government of Pakistan acknowledges and appreciates the support that the Fund is providing in achieving the Government’s broad-based development agenda aimed at enhancing the social and economic wellbeing of the people of Pakistan.

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