September 28, 2018 (MLN): A delegation of the International Monetary Fund (IMF) met with the Advisor on Commerce, Mr. Razzak Dawood, who briefed the IMF team regarding the government’s plan to improve the country’s economic growth, and the measures they plan to enact for that purpose.
Commerce Minister Razzak Dawood informed the team that the newly elected government plans to introduce a five-year trade policy, and is also working on five new national tariff policies.
The team was further apprised that the government is making efforts to reduce the trade deficit and imports, adding that new measures are being taken to boost the country’s exports.
Mr. Dawood apprised the IMF delegations that the government believes that measures taken by the government with respect to facilitating exporters, exports of the country will experience an upsurge in the coming years.
The delegation of the International Monetary Fund (IMF) arrived in Pakistan yesterday on September 27, 2018 to hold talks with the relevant authorities, including Pakistan’s Finance Minister Asad Umar regarding economic policies and reforms the country has opted to implement, and those that it plans to enact moving forward.
IMF’s Washing-based Mission Chief to Pakistan Harald Finger is leading a staff-level delegation to the country and has already met with Finance Minister Asad Umar who shared the country’s revised macroeconomic indicators with the Fund during the first day of the week-long talks.
The delegation will also be discussing interest and debt repayments coming due on the loans that the country borrowed from the Fund in the year 2013.
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