Aurangzeb meets with the Delegation of IMF Mission led by IMF Mission Chief Mr. Nathan Porter
Diplomatic

Aurangzeb meets with the Delegation of IMF Mission led by IMF Mission Chief Mr. Nathan Porter

By DTD-

The Finance Minister welcomed the IMF team and thanked them for the successful completion of the Standby Arrangement (SBA)

Islamabad: Aurangzeb meets with the Delegation of IMF Mission led by IMF Mission Chief Mr. Nathan Porter. The IMF mission led by Mr. Nathan Porter, IMF Mission Chief called on the Finance Minister on 13th May, 2024 at the Finance Ministry to kickstart the discussions on further engagement with the Fund. The meeting was attended by Governor-State Bank of Pakistan, Chairman-Federal Board of Revenue, and senior officers of the Finance Ministry.

The Finance Minister welcomed the IMF team and thanked them for the successful completion of the Standby Arrangement (SBA). The Finance Minister apprised the IMF team of the improvement in the macro-economic indicators over the course of the SBA and underscored the government’s commitment to continue with and expand upon the reform agenda.

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An International Monetary Fund (IMF) mission has opened discussions with Islamabad on a new loan programme, a Pakistan finance ministry statement said on Monday.
The mission chief, Nathan Porter, met Pakistan’s Finance Minister Muhammad Aurangzeb to “kick-start the discussions on further engagement with the fund.”
Aurangzeb informed the team of improvements in the macro-economic indicators over the course of the standby arrangement and underscored the government’s commitment to continue and expand the reform agenda, the ministry said.
Pakistan is likely to seek at least $6 billion and request additional financing from the Fund under the Resilience and Sustainability Trust.
Ahead of the discussions, the IMF has warned that downside risks for the Pakistani economy remained exceptionally high.
The IMF team is visiting ahead of Islamabad’s annual budget-making process for the next financial year, which starts on July 1.
Pakistan last month completed a short-term $3 billion programme, which helped stave off sovereign default.
Aurangzeb meets with the Delegation of IMF Mission led by IMF Mission Chief Mr. Nathan Porter
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