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Wednesday, May 22, 2024

Pakistan is asked to improve a number of economic indicators by an IMF representative.

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Esther Perez Ruiz, the Pakistani representative to the International Monetary Fund (IMF), has requested that Pakistan reconsider its monetary and exchange rate policy.

As the official described the meeting with the Pakistani authorities as productive to start the ninth review, negotiations between the international lender and Pakistan for release of the following tranche under the Extended Fund Facility (EFF) are planned to start soon.

According to Perez, the conference offered a more positive assessment of the fiscal, monetary, exchange rate, and energy policies put in place after the completion of the seventh and eighth assessments.
She continued by explaining that the nation needed to correct a number of economic indicators and examine the aims for retaining fiscal discipline and decreasing the deficit.

The representative said that the conversation about Pakistan’s economic objectives after the flood disaster is already in progress.

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