$6bn inflows expected in FY24: Shamshad Akhtar

MG News | September 08, 2023 at 08:04 PM GMT+05:00

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September 08, 2023 (MLN): A total of $6 billion dollar inflows are expected within fiscal year 2024, offering some optimism for the economic outlook of the country, Caretaker Federal Minister for Finance and Revenue Dr. Shamshad Akhtar stated at the SIFC Apex Committee meeting today.

An IMF review is scheduled for November, it is hoped that by December, Pakistan will secure a loan from the IMF, although the exact amount remains uncertain, she added.

Moreover, the government is actively working to combat issues such as smuggling and hoarding, which have exacerbated the economic challenges.

Additionally, she stated that development is ongoing to privatize State-Owned Enterprises (SOEs), potentially opening up new avenues for economic growth and efficiency.

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