AUGAF
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • CommoditiesNew
  • Contact
No Result
View All Result
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • CommoditiesNew
  • Contact
No Result
View All Result
AUGAF
No Result
View All Result
Home International

Government Committed To IMF Program And Hopeful Of Completing Upcoming Review: Finance Minister

admin-augaf by admin-augaf
September 28, 2021
in International
Reading Time: 3 mins read
0
Government Committed To IMF Program And Hopeful Of Completing Upcoming Review: Finance Minister

Government Committed To IMF Program And Hopeful Of Completing Upcoming Review: Finance Minister

Share on FacebookShare on TwitterWhatsapp

Islamabad September 28 2021: Ms. Esther Perez Ruiz, the nominated Resident representative of the International Monetary Fund (IMF) paid a courtesy call on the Federal Minister for Finance and Revenue Mr. Shaukat Tarin at the Finance Division today.

Ms. Ruiz was accompanied by the Outgoing representative of IMF Ms. Teresa Sanchez on the occasion. Ms. Ruiz is currently visiting Pakistan on a pre-assignment mission.


A L S O || R E A D

Blackouts in Chinese cities can send coal prices beyond unimaginable levels


The Finance Minister felicitated the nominated Resident representative and expressed his best wishes for her upcoming assignment beginning in November, 2021.

The Finance Minister stated that Pakistan is firmly committed to pursuing an all-inclusive and sustainable economic growth with key focus on “bottom-up” approach to uplift marginalized segments of the society. To this end, the Government intends to engage development partners to broaden economic development through fiscal consolidation and prudent economic measures amid COVID-19 pandemic and in post COVID-19 scenario.

He commended IMF for extending timely assistance during testing times. The Finance Minister underlined the key initiatives of the Government to provide maximum relief to the masses. The Government is taking a range of administrative, policy and relief measures to absorb the upward pressure on prices of basic food commodities due to pandemic. The Government has adopted a multi-pronged strategy to enhance revenue collection and to broaden the existing tax base.


A L S O || R E A D

Coal Shortage Deepens in India Amid Plunging Plant Inventories


He also highlighted commendable performance of FBR in surpassing revenue collection targets in recent months despite ongoing COVID-19. The broadening of tax base in one of the key priorities of the Government, he added.

Finance Minister assured that government is committed to the IMF program and hopes to successfully complete the upcoming review as well as Article IV consultations.

Finance Minister informed that implementation of track and trace for tobacco is being started from 1st October, 2021. This is also one of the requirements under the IMF Extended Fund Facility (EFF) program. He also stated that reforms were being carried out in the power sector to address the issue of circular debt.

The new representative of IMF commended efforts of Pakistan in managing the spread of virus through a series of smart and targeted lockdowns to strike a balance between lives and livelihoods. She expressed hope to work closely with the Government Pakistan during her tenure. The Finance Minister affirmed full support and facilitation to Ms. Ruiz and wished her well with her new assignment in Pakistan.

admin-augaf

admin-augaf

Related Posts

AirSial Launches Direct Flights to Dubai from Islamabad and Lahore Starting Next Month
Business

AirSial Launches Direct Flights to Dubai from Islamabad and Lahore Starting Next Month

May 17, 2025
Trump Says US Close to a Nuclear Deal with Iran
Business

Trump Says US Close to a Nuclear Deal with Iran

May 15, 2025
Exchange Companies Decided to End the Cap on Dollar Rate
Business

Pakistan Rupee Gains Against Dollar After IMF $1.0 Billion Tranche

May 15, 2025
Fair Global Consult Fair Global Consult Fair Global Consult
ADVERTISEMENT

Recent News

AirSial Launches Direct Flights to Dubai from Islamabad and Lahore Starting Next Month

AirSial Launches Direct Flights to Dubai from Islamabad and Lahore Starting Next Month

May 17, 2025
Pakistan New Budget Will Tax Cars on Prices

Pakistan to Reduce Customs Duty to 15% and Phase Out Regulatory Duty in Five Years

May 17, 2025
IT

Pakistan Central Development Body Approves PKR 143 Billion for Projects Including Tech Industry and Laptop Scheme

May 17, 2025
Pakistan Textile Exports Fall 15.2% to Hit Low of 17 Months in October on Inventory Pileup at Export Destinations

Pakistan Textile Exports Increase 8.4% in First 10 Months of Fiscal Year 2025

May 16, 2025
Rupee

Pakistan Rupee Reaches Strongest Level in Seven Months Against Trading Partners

May 16, 2025

Popular News

  • NSS

    President Prohibit National Savings For Changing Rates on Existing Certificates Retrospectively

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Appreciate against Dollar in Interbank as IMF Confirmed Board Review Date

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Fall After 13 Days of Successive Gains against Dollar on Lower Remittances and Strengthening of US Dollar

    0 shares
    Share 0 Tweet 0
  • Petrol Prices in Pakistan to Return to July 2023 Levels

    0 shares
    Share 0 Tweet 0
  • Pakistan Central Bank Issued Show Cause Notice to Eight Banks Over Currency Speculation

    0 shares
    Share 0 Tweet 0

Categories

  • Budget
  • Business
  • Culture
  • Finance
  • International
  • National
  • News
  • Politics
  • PTI
  • Sports
  • Technology
AUGAF Logo

Follow us on social media:

Recent News

  • AirSial Launches Direct Flights to Dubai from Islamabad and Lahore Starting Next Month
  • Pakistan to Reduce Customs Duty to 15% and Phase Out Regulatory Duty in Five Years
  • Pakistan Central Development Body Approves PKR 143 Billion for Projects Including Tech Industry and Laptop Scheme

Category

  • Budget
  • Business
  • Culture
  • Finance
  • International
  • National
  • News
  • Politics
  • PTI
  • Sports
  • Technology

Recent News

AirSial Launches Direct Flights to Dubai from Islamabad and Lahore Starting Next Month

AirSial Launches Direct Flights to Dubai from Islamabad and Lahore Starting Next Month

May 17, 2025
Pakistan New Budget Will Tax Cars on Prices

Pakistan to Reduce Customs Duty to 15% and Phase Out Regulatory Duty in Five Years

May 17, 2025
  • Home
  • Politics
  • News
  • Business
  • National
  • Finance
  • Technology
  • International

© 2021 AUGAF.

No Result
View All Result
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • Commodities
  • Contact

© 2021 AUGAF.