Finance Minister Ishaq Dar will hold a meeting in the context of 12th International Monetary Fund (IMF) Review at the State Bank of Pakistan (SBP), on Monday. The minister on Friday chaired a meeting at the State Bank to review the macroeconomic situation with special reference to the monetary side for the year ending 30th June 2016. In the context of upcoming 12th IMF Review, the meeting noted that the performance on the monetary side during the quarter that ended June 2016 remained satisfactory. The forex reserves reached highest-ever level of $23 billion.
The Finance Minister expressed satisfaction over the macroeconomic situation and stated that all the national institutions needed to continue the reform process in order to consolidate economic gains of last 3 years. He also desired for enhanced efforts on firming up the strategy for the current fiscal year that would be discussed in a follow-up meeting.
Acting Governor SBP Saeed Ahmed, Deputy Governor Riaz Riazuddin, heads of various departments & other senior officials of the SBP attended the meeting. Dar would hold the meeting with the State Bank officials on Monday as the governor SBP Ashraf Mehmood Wathra was not available in the first meeting held Friday.
Comments
Comments are closed.