The Minister of Finance, Muhammad Aurengzeb, confirmed on Monday that a mission of the International Monetary Fund (IMF) will visit Pakistan in early March for its biannual review of the rescue agreement of $ 7 billion.
Pakistan and the IMF had reached an help contract of three years and $ 7 billion in July, with the new program ready to allow the country to “cimenda macroeconomic stability and create conditions for stronger, more inclusive and resistant growth” ” .
The extended financing program of 37 months consists of six revisions on the life of the rescue, and the release of the next section of approximately $ 1 billion will depend on the success of the performance review.
Increasing the GDP imposed relationship is crucial for the loan agreement of $ 7 billion of Pakistan to stabilize its economy and administer the debt. In 2024, the salaried class became the third largest taxpayer of taxes, banks and oil, but surpassing textile exporters.
While talking with journalists, Aurengzeb confirmed that the team will evaluate the progress of the federal government in key conditions.
“Reforms on the processed technology of people in the FBR [Federal Bureau of Revenue] He will continue with the same spirit and resolution, “he said, added that” reforming companies [state-owned entities] and advance with the privatization agenda ”were steps in the right direction.
He also declared that the country’s exports will be encouraged, however, border control will “harden”, adding that sugar, for the first time, was exported and not smuggled to Afghanistan.
“We need every dollar for our own country,” he said.
A separated technical mission of the IMF also arrived in Islamabad today at the request of Pakistan of more than $ 1 billion in additional financing for climatic resilience.
Pakistan has qualified as the country most vulnerable to climate change in 2022 when he faced devastating floods of Monzón that charged more than 1,700 lives, eliminated the stripes of agricultural lands, affected 33 million people and incurred losses worth $ 33 thousand millions, according to government estimates.
The country had requested $ 1 billion of the resilience and sustainability trust of the IMF (RSF) in October, the minister had revealed during his visit to Washington.
