PM reaffirms commitment to revive Pakistan's economy in meeting with IMF chief
Pakistan
PM reaffirms commitment to revive Pakistan’s economy in meeting with IMF chief
(Web Desk) - Prime Minister Shehbaz Sharif on Sunday met International Monetary Fund (IMF) Managing Director Kristalina Georgieva wherein he reiterated his government’s commitment to put Pakistan’s economy back on track.
At the meeting held on the sidelines of the World Economic Forum special meeting here, the premier said that he had directed his financial team, led by Finance Minister Muhammad Aurangzeb to carry out structural reforms, ensure strict fiscal discipline and pursue prudent policies that would ensure macro-economic stability and sustained economic growth, according to a press release from the PM’s Office.
Shehbaz thanked Georgieva for supporting Pakistan in securing the $3 billion Standby Arrangement (SBA) from the IMF last year that was about to be completed.
The IMF executive board is expected to meet on April 29 to decide on the final tranche of $1.1 billion under SBA.
The IMF chief appreciated the prime minister’s leadership for timely securing the SBA last year.
Both sides also discussed Pakistan entering into another IMF programme to ensure that the gains made in the past year were consolidated and its economic growth trajectory remained positive.
The IMF managing director shared her institution’s perspective on the ongoing programe with Pakistan, including the review process.
This was the first meeting between the prime minister and the IMF MD since his re-election.
They last met in Paris in June 2023 on the margins of the Summit for New Global Financial Pact.
PM Shehbaz also extended an invitation to the IMF MD to visit Pakistan at her convenience.
