IMF looks forward to collaborating with new govt for macroeconomic stability

MG News | February 23, 2024 at 09:50 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

February 23, 2024 (MLN): The International Monetary Fund (IMF) on Thursday expressed its eagerness to collaborate with the new government on policies to ensure macroeconomic stability.

During a press briefing, Ms. Julie Kozack, Director of Communication, stated, “We look forward to collaborating with the new government on policies to ensure macroeconomic stability and prosperity for all of Pakistan's citizens.”

The Fund appreciated the caretaker government of Pakistan for its efforts in maintaining economic stability through strict adherence to fiscal targets, while also safeguarding the social safety net.

She emphasized that this was achieved by maintaining a tight monetary policy stance to control inflation and building up foreign exchange reserves.

However, Ms Kozack refrained from commenting on former Prime Minister Imran Khan’s intention to request an investigation into election irregularities and an audit of the elections, stating, “I’m not going to comment on ongoing political developments.”

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	176,621.25 146.71M	0.02% 29.49
ALLSHR	107,271.77 274.31M	0.14% 149.33
KSE30	52,447.51 34.23M	-0.04% -19.90
KMI30	250,178.54 46.14M	0.24% 609.31
KMIALLSHR	69,166.26 202.91M	0.43% 297.54
BKTi	49,911.17 7.13M	-0.45% -225.19
OGTi	36,013.16 4.75M	0.33% 118.08

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	78,705.00	78,755.00 72,670.00	5915.00 8.13%
BRENT CRUDE	93.08	94.00 92.97	-0.70 -0.75%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	-0.25 -0.23%
ROTTERDAM COAL MONTHLY	124.00	0.00 0.00	0.25 0.20%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	86.08	86.94 85.95	-0.75 -0.86%
SUGAR #11 WORLD	17.42	17.64 17.16	-0.10 -0.57%