FinMin briefs IMF mission on economic targets

FinMin briefs IMF mission on economic targets

Business

Meeting discusses progress on the Extended Fund Facility (EFF) worth $7 billion

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ISLAMABAD (Dunya News) – The visiting International Monetary Fund (IMF) team led by mission chief Nathan Porter on Tuesday arrived at the office of the Ministry of Finance.

Finance Minister Muhammad Aurangzeb welcomed the IMF team. Minister of State for Revenue Ali Pervez Malik, Federal Board of Revenue (FBR) chairman Rashid Mehmood Langrial and State Bank of Pakistan (SBP) Governor Jameel Ahmad also accompanied the finance minister.

Read more : IMF mission arrives in Islamabad

The meeting discussed progress on the Extended Fund Facility (EFF) worth $7 billion by the global lender.

Aurangzeb briefed the IMF mission on targets achieved by the government in the first quarter of the ongoing fiscal year and expressed confidence in implementing the measures suggested by the IMF in letter and spirit.

According to the informed authorities of the Finance Ministry, the government assured the visiting mission to continue economic reforms in line with the direction given by the IMF.

It must be remembered that the IMF mission reached Islamabad on Nov 11 (Monday).