Islamabad November 2 2023: IMF appreciated the Government's commitment to meeting the 1st Quarter targets and commended the Government's efforts and measures taken in some critical areas.
Caretaker Federal Minister for Finance, Revenue & Economic Affairs Dr. Shamshad Akhtar held a meeting with IMF review Mission led by IMF Chief Mr_ Nathan Porter at the Finance Division, today.
The meeting was attended by IMF resident representative, Ms. Esther Perez Ruiz, Governor SBP Mr. JarnU Ahmed, Chairman FBR, Chairman SE P, Secretary Finance, members of IMF delegation, and senior officers from the Finance Division.
Successful talks under the total $3b Stand-By Arrangement will help Pakistan receive a 2nd installment of about $700 million from the global lender
The caretaker Minister for Finance, Revenue, 8L Economic Affairs Dr. Shamshad Akhtar welcomed the delegation and shared progress on the Standby Arrangement (SBA). The Minister briefed the Iviission on fiscal measures being taken by the Government to improve the economic situation. The meeting also included discussions on comprehensive reforms and measures undertaken by FBR and the Government's strategies to address the circular debt issue.
Mr. Nathan Porter, IMF Mission Chief, appreciated the Government's commitment to meeting the 1st Quarter targets and commended the Government's efforts and measures taken in some critical areas. He further underscored the importance of the continuation of these efforts to stay on track for the economic stability of the country.
The Minister Dr. Shamshad Akhtar expressed her appreciation for the continued support and assistance of the IMF. She reaffirmed the Government's commitment to working closely with the IMF to ensure the successful completion of the SBA and achieve the economic objectives.