IMF’s Representative Asks Pakistan To Fix Economic Indicators, Review Some Policies

Pakistan is urged by the IMF’s representative to improve economic indicators and review some policies

ISLAMABAD: The International Monetary Fund  Resident Representative for Pakistan Esther Perez Ruiz has asked Pakistan to review its monetary and exchange rate .

Negotiations between the global lender and Pakistan for release of the next tranche under Extended Fund Facility (EFF) are expected to commence soon, as the representative termed the discussion with the Pakistani authorities to be productive to start the ninth review.

Perez said that the meeting provided a better economic outlook in terms of evaluation of fiscal, monetary, exchange rate, and energy policies implemented following the completion of the seventh and eighth reviews.

She went on to add that the country needs to fix multiple economic indicators and reexamine the targets for fiscal discipline and deficit control.

The representative said that the discussion regarding Pakistan’s economic goals after the flood situation is underway. – NNI

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