IMF team meets Finance Committee, expresses reservations on missing targets
Last updated on: 12 February,2020 05:03 pm
The financial institution expressed reservations over not meeting targets under the agreement.
ISLAMABAD (Dunya News) – A delegation of the International Monetary Fund (IMF) held a meeting on Wednesday with Senate and National Assembly’s Standing Committee on Finance to discuss the economic situation of the country.
According to sources, the global body called on a joint meeting of the NA and Senate’s Standing Committee and discussed five Sustainable Development Goals (SDGs), including health, education water and sanitation etc. The financial institution expressed reservations over not meeting the targets under the agreement.
The IMF team emphasized on improving the economy and business environment of Pakistan and said that necessary measures are needed to increase exports, while urging for the new and small-scale exporters.
After the meeting, Chairman Standing Committee on Finance Faizullah Kamoka expressed hope to receive the next tranche from the IMF soon. He said that achieving the tax targets look difficult although.