The International Monetary Fund (IMF) mission will be in Pakistan from January 31 until February 9, where he will hold consultations related to the 9th Review.
The Pakistani representative of the fund, Esther Perez Ruiz issued a statement that “the mission will visit Islamabad from January 31 to February 9 at the invitation of the authorities.According to the ninth evaluation of the fund’s growth facility,and the delegation will have discussions”.
According to the IMF, “delegation will concentrate on policies to restore internal and external stability, including improving the financial position of sustainable high-quality measures while aiding the underprivileged and flood victims.”
The statement said, “These steps include revitalizing the energy industry and sustaining a downward trend in circular debt as well as frequent forex market activation to address the lack of foreign money through the exchange rate.
“Efforts and reforms under a strong policy are necessary to reduce the current uncertainty which will be important in strengthening Pakistan’s competitiveness, securing financial support from partners and the market and this is essential for Pakistan’s sustainable development,” it added. On the other side,media reports stated that Pakistan had asked the United States for assistance in reviving the IMF program so that the economy could be controlled by external obstacles including floods and unfavourable global economic circumstances.
According to the report, Finance Minister Ishaq Dar advised the team to comprehend the difficulties caused by floods and other outside causes in order to persuade the IMF to be forgiving with Pakistan for resuming the loan program.
