ISLAMABAD: Negotiations with the International Monetary Fund (IMF) are moving in a positive direction to reach a program that provides a platform for macro-economic development, Adviser to Prime Minister on Finance Hafeez Sheikh said on Friday.
Speaking at an Investment Conference, he said the agreement with IMF will send a positive signal to other international financial institutions as well as countries regarding Pakistan’s commitment to fiscal discipline.
Sheikh said the upcoming budget will include steps aimed at addressing gaps in current account deficit and fiscal deficit for attaining sustainable economic growth.
He said the government’s measures have resulted in a reduction in imports and increase in exports and remittances.
Abdul Hafeez Sheikh said steps have also been taken to decrease expenditures, and coordinated efforts are underway to increase revenue.