Karachi: Federal Finance Minister Muhammad Aurangzeb said the International Monetary Fund (IMF) has praised Pakistan’s economic reforms and growth efforts. He highlighted macroeconomic stability as a key achievement of government policies.
Aurangzeb shared insights from his meeting with IMF Managing Director Kristalina Georgieva. He said the IMF acknowledged Pakistan’s efforts in implementing reforms under its program. The meeting focused on key economic areas, including taxation, energy, and state-owned enterprise (SOE) reforms.
Macroeconomic Stability and Policy Impact
The finance minister said Pakistan’s economy has stabilized due to effective policies. He credited the government’s approach for ensuring fiscal discipline and structural improvements. The IMF appreciated these efforts, marking them as positive developments for the country.
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Reforms in Agriculture and Climate Change
Aurangzeb highlighted improvements in the agriculture sector. He also stressed the need to address climate change. Productive discussions took place on sustainable economic growth and environmental challenges.
Government’s Role in Economic Growth
He clarified that the government’s responsibility is to set a policy framework, not to run businesses. He urged private sector participation to drive economic expansion.
Challenges and the Need for Collaboration
Aurangzeb acknowledged Pakistan’s financial constraints. He called for cooperation among stakeholders, especially in the insurance sector. He emphasized the need for strategic planning to sustain economic progress.
The finance minister reaffirmed Pakistan’s commitment to reforms. He said continued collaboration with global financial institutions is necessary for long-term growth.
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