Pakistan's economic managers team led by Minister for Finance and Economic Affairs Dr Abdul Hafeez Shaikh left here on Monday for Dubai to participate in a 'Article IV consultations meeting of the International Monetary Fund (IMF) member countries.
"Pakistani team is not going for seeking any new loan programme from the IMF but our team will participate in "Consultative-iv meeting of the fund to share with them the economic reforms programme initiated by the government for the consolidation and growth of national economy," a senior official of the Ministry of Finance told APP.
Besides Hafeez Shaikh, Governor State Bank of Pakistan Yasin Anwar and Deputy Chairman Planning Commission Dr Nadeem-Ul-Haq are also participating in the policy level talks. The official said a small team of Economic managers of Pakistan would attend the forthcoming meeting to be held in Dubai from November 16 to 19.
He said that Pakistan would not require loans from the International Monetary Fund (IMF) as it would go ahead with its own reform programme to enhance the economic sustainability. Pakistan, he said, was not going for any IMF programme rather under Article 4 of the fund it was mandatory for the members to participate in the meeting.
He said Pakistan has also retired IMF loan of $1.2 billion The senior official said that reforms programme initiated by the government on June 15, this year has started producing positive results as fiscal deficit has come down, exports and remittances have registered growth besides the problem of the load shedding has reduced significantly.
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