Pakistan’s economic indicators improving: IMF

DUBAI – International Monetary Fund (IMF) has expressed satisfaction over the government policies to strengthen macroeconomic stability and reviving investment and growth.

This has been stated by leader of IMF team Jeffrey Franks after holding talks with Minister for Finance and Economic Affairs Senator Ishaq Dar in Dubai on the fourth review of Pakistan's IMF-supported programme. He said that the economic indicators were improving and growth was continuing to gain momentum and inflation was on a downward trajectory.

Franks said that the government's reform program was broadly on track. He said the GDP growth was expected to rise by 4.3 per cent in fiscal year 2014-2015 as compared to a provisional estimate of 4.1 per cent in the last fiscal year. Terming his talks with Senator Dar and State Bank Governor Ashraf Wathra useful, IMF official said the mission made excellent progress toward agreement on key policy issues.

He said the discussions will be continuing in the coming days via videoconference from Washington to secure timely completion of the fourth review. It is worth mentioning that the IMF mission declined to come to Islamabad for talks in view of the political crisis and the minister along with his team went to Dubai for talks.

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