Pakistan not planning to approach IMF, Finance Minister Rana Afzal

Pakistan has enough foreign exchange reserves to cope up with the external liabilities and won’t require any financial assistance from the International Monetary Fund.

Rana Afzal, Minister for State for Finance while talking to group of media persons in Karachi said that the around 6 billion dollars were required to pay as external liabilities during the current fiscal year of this now only 3.1 billion dollars to be paid in remaining six months of the current year.

“Our foreign exchange reserves are at comfortable level and country will not require to tap for another assistance from the International Monetary Fund” Rana Afzal said.  The country has been receiving tremendous support from the multilateral donor agencies and financial institutions for the development of various projects

He said economy has been showing resilience and manufacturing and agriculture sectors showed healthy growth during the current fiscal year.

Exports are showing growth and targets set by the PML-N have been achieved and now paying dividends creating thousands of job.

The Minister said owing to accountability the process of development should not be curtailed or hit as it took enormous time to keep the economy back on track and improve image amongst the international donor agencies and trading partners.