Pakistan Set to Achieve Higher Growth
World Economy

Pakistan Set to Achieve Higher Growth

The International Monetary Fund Managing Director Christine Lagarde said that over the last three years Pakistan has set the stage for a deeper structural transformation to achieve higher and more inclusive economic growth.
By restoring macroeconomic stability and strengthening the economy’s resilience Pakistan has achieved a great deal over the past three years in the context of its IMF-supported program, she said in a letter written to Minister for Finance Ishaq Dar, APP reported.
IMF chief congratulated the finance minister for his accomplishments and appreciated the opportunity accorded to her to visit Pakistan for holding engaging discussions on the government’s ongoing economic reform program.
Lagarde visited Pakistan from October 24-26, during which she held a range of meetings, including a meeting Prime Minister Nawaz Sharif, holding official talks with the finance minister and the government’s economic team.
Lagarde, in her letter dated November 2, reiterated the IMF’s support to Pakistan in completing its transformation to a fully fledged emerging market, according to a Finance Ministry press release issued Saturday.
Just three years ago, the country was on the brink of an economic crisis, the IMF said late October. Today, and thanks to the authorities’ homegrown program of reforms that the IMF supported, the economy is on a much stronger footing. Public finances have improved considerably, external reserve buffers have been rebuilt, and growth has been gradually strengthening. These are very encouraging developments.


Short URL : https://goo.gl/GdFI5m
  1. https://goo.gl/faEnWW
  • https://goo.gl/wAw9bj
  • https://goo.gl/GvRnzE
  • https://goo.gl/pQbvnA
  • https://goo.gl/PRuvuS

You can also read ...

Bithumb Hacked, $32m in Cryptocurrency Stolen
Cryptocurrencies dropped after the second South Korean...
South Africa GDP Shrinks
South African gross domestic product shrank 2.2% in the first...
Washington in March imposed tariffs of 25% on steel and 10% on aluminum, in a move mainly aimed at curbing imports from China.
Russia said on Tuesday it would impose import duties on US...
Saudi Arabia, which employs about two-thirds of its citizens, is chipping away at a budget deficit that ballooned to almost 16% of GDP after the oil shock of 2014, while FDI slumped more than 80% last year.
Show up, swipe in. The routine is familiar to office workers...
Taxes in Italy Drive Economy Underground
Italy grew rapidly over the 20th century, and its black market...
European businesses say it has become harder to do  business in China over the past year.
European companies complain they still face a tough business...
Credit Crunch Pushing Sweeping Changes in Ethiopia
In a surprise move, Ethiopia’s government announced it would...
Australian Telecom Co. to Axe 8,000 Jobs
Australia’s dominant telecommunications company Telstra...

Add new comment

Read our comment policy before posting your viewpoints