IMF MD praises Pakistan’s economic, financial reforms process

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International Monetary Fund (IMF) Managing Director Christine Lagarde called on Prime Minister Nawaz Sharif at Blair House on Wednesday to hold talks on IMF-Pakistan cooperation.

During the meeting, the Prime Minister lauded the role of IMF in assisting Pakistan to achieve economic stability.

Nawaz Sharif highlighted the government’s policies aimed at structural, fiscal and monetary reforms in the short and medium term which have led to improved economic indicators for Pakistan.

He mentioned the steps taken with regard to making the State Bank of Pakistan more autonomous.

Lagarde praised the economic and financial reforms process being spearheaded by the government of Pakistan. She congratulated Pakistan on successful completion of the 8th review under IMF’S Extended Fund Facility program.

MEETING WITH BUSINESSMEN:

Meanwhile, addressing a business forum organised by US-Pakistan Business Council (USPBC) in Washington, Prime Minister Nawaz Sharif said that due to long termed policies and investor-friendly environment, Pakistan has become attractive destination for foreign investors.

He said Pakistan tax revenues increased by 33%. The Prime Minister said government is doing its best to overcome energy shortage.