Thursday, July 7, 2022

IMF to pursue cooperation with Pakistan: Tarin

Former and newly appointed country directors of the International Monetary Fund (IMF) in Pakistan met with Finance Minister Shaukat Tarin on Monday, and the Fund promised him that the Fund would continue to work with Pakistan.

The meeting’s keynote speaker, Shaukat Tarin, stated that the existing administration was committed to establishing a stable growth rate and implementing policies that would benefit the most disadvantaged parts of society in the country.

Mr. Singh stated that, following a jump in the price of basic food goods, the government was providing immediate relief to consumers rather than pursuing an increase in taxation by expanding the scope of the tax net.

“We have accomplished more than our tax collection targets so far,” the finance minister added, assuring IMF representatives that the Fund’s program was being implemented as scheduled.

The newly appointed Pakistani representative to the International Monetary Fund (IMF) praised the measures taken by the incumbent government to mitigate the impact of COVID-19 on the economy and stated that the Fund would continue to cooperate with the country in order to address financial issues affecting the country.

A total of $2.75 billion was received by Pakistan on August 24th from the International Monetary Fund (IMF).

According to the State Bank of Pakistan (SBP), Pakistan has received 2.75 billion US dollars from the International Monetary Fund (IMF) as part of the SDR allocation.

After receiving $2.75 billion in foreign money, the country’s foreign exchange reserves have increased to $27.4 billion.

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