The government of Pakistan commenced discussions on Monday regarding further engagement with the International Monetary Fund (IMF), signaling the country’s pursuit of a new and expanded loan programme.
In an official statement released by the Finance Division, it was revealed that a delegation from the IMF, led by Nathan Porter, IMF Mission Chief, met with the finance minister at the Finance Ministry to initiate talks on advancing collaboration with the Fund.
Attending the meeting were prominent figures including the governor of the State Bank of Pakistan, the chairman of the Federal Board of Revenue, and senior officials from the Finance Ministry.
Expressing gratitude, the finance minister extended a warm welcome to the IMF team and acknowledged their role in successfully concluding the Standby Arrangement (SBA). During the discussions, the finance minister briefed the IMF team on the positive developments in macroeconomic indicators throughout the duration of the SBA.
Furthermore, he emphasized the government’s unwavering commitment to perpetuate and expand upon the reform agenda.
This move underscores Pakistan’s proactive approach towards financial stability and economic development, as it seeks to strengthen its partnership with international financial institutions for sustainable growth.
