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Pakistan needs to mobilize domestic tax revenue now and into the future to provide reliably for needed social and development spending, while placing debt on a firm downward trend, said Acting Managing Director of the International Monetary Fund (IMF) David Lipton. David Lipton issued a statement following his meeting with Prime Minister Imran Khan.
He stated, "I was pleased to meet Prime Minister Khan of Pakistan in Washington, DC. We discussed recent economic developments and the implementation of the authority's economic reform program supported by the IMF. "Their programme aims to stabilize the economy, strengthen institutions, and thereby put Pakistan on a path of sustainable and balanced growth. I highlighted the need to mobilize domestic tax revenue now and on into the future to provide reliably for needed social and development spending, while placing debt on a firm downward trend.
"The IMF, together with other international partners, is working closely with the government of Pakistan to support the implementation of the authorities' economic reform programme."

Copyright Business Recorder, 2019

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