Summary After approval by the IMF board next month, Pakistan will receive a loan installment of $1.10 bn.
DUBAI (Dunya News) – The International Monetary Fund (IMF) has expressed satisfaction over Pakistan s economic performance.
IMF issued a press release regarding economic review after talks with the Pakistani representatives in Dubai. According to which, the economy was affected by political instability, however, foreign exchange reserves rose from $5.4 billion to $9.1 billion.
The IMF further stated that ratio of economic development is likely to remain 4.3%. Pakistan`s economic indicators were improving, inflation was going down and recommendations to accelerate loans for the private sector have been given.
The Government of Pakistan has assured to further decrease capital losses to 4.8% and expressed determination to achieve pending targets.
After approval by the IMF board next month, Pakistan will receive a loan installment of $1.10 billion.
Finance Minister Ishaq Dar has termed talks with the IMF representatives successful. He said there is major improvement in country s economy due to government reforms.
