Federal Minister for Finance, Senator Mohammad Ishaq Dar Ishaq Dar has expressed satisfaction on the progress of the negotiations with the International Monetary Fund (IMF) relating to the 12th and last Review under the Fund program and remarked that he was confident that the last review would be successfully concluded.
The Finance Minister arrived here on Tuesday to participate in the ongoing negotiations with the IMF Mission Chief, its members. He also received briefings from Pakistan team.
Dar said this would be a historic occasion as it would be for the first time that a medium-term reforms program supported by the IMF would be successfully concluding at the close of its three-year term. The country''s economy has undergone massive transformation during this period. The macroeconomic framework is stable because of rising growth, declining inflation, fiscal consolidation aided by rising tax collections, stable external account and higher reserves.
The Finance Minister further stated that the path of growth and stability would remain the hallmark of economic management after the conclusion of the Fund programme as per the manifesto of Pakistan Muslim League (PML-N) under the leadership of Prime Minister Nawaz Sharif.