IMF chief says Pakistan's economy going in right direction
Pakistan
Congratulates people, government on the approval of much-needed $7bn bailout package
LAHORE (Dunya News) - International Monetary Fund (IMF) Managing Director (MD) Kristalina Georgieva has said the economy of Pakistan is going in the right direction.
Congratulating the people and government of Pakistan on the approval of much-needed $7bn bailout package, the IMF chief said the country’s economy was growing and inflation decreasing.
The IMF chief said that the goal of the government of Pakistan is to collect taxes from the rich and help the poor.
The head of the International Monetary Fund (IMF) said Pakistan had made reforms due to which its economy had improved.
It should be noted that the International Monetary Fund (IMF) has approved $7bn bailout package for Pakistan.
Pakistan is likely to receive the first installment of $1.1 billion by September 30.
After the approval of the loan programme, the second installment will also come in the same fiscal year. The IMF loan will be available at less than 5 percent interest rate.
