Pakistan Has Taken Decisive Actions For Economic Reforms; IMF Official

IMF Official Nathan Porter has said that “Over the past few days, the Pakistani authorities have taken decisive measures to bring policies more in line with the economic reform program

Economic reform program supported by the International Monetary Fund (IMF)

These include the passage of a budget by the parliament that broadens the tax base while opening up space for higher social and development spending as well as steps towards improving the functioning of the foreign exchange market and tightening monetary policy to reduce inflationary and balance of payment pressures that affect particularly the more vulnerable.

The IMF team continues discussions with Pakistani authorities with the aim of quickly reaching an agreement on financial support from the IMF” added Porter