More

    IMF Chief Reaffirms Support for Pakistan’s Reforms in Meeting with Shehbaz Sharif

    GovernanceE-governanceIMF Chief Reaffirms Support for Pakistan’s Reforms in Meeting...
    - Advertisment -

    IMF Chief Reaffirms Support for Pakistan’s Reforms in Meeting with Shehbaz Sharif

    Georgieva praised Pakistan’s efforts in implementing the IMF-supported programme, acknowledging the country’s improving economic performance with rising growth and declining inflation.

    Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has reaffirmed the IMF’s support for Pakistan’s reform efforts following a meeting with Prime Minister Muhammad Shehbaz Sharif on the sidelines of the World Governments Summit (WGS) 2025 in Dubai on Wednesday. The discussions centred on Pakistan’s progress under the IMF program and its commitment to long-term economic stability through structural reforms.

    According to a statement from the Prime Minister’s Office, Shehbaz Sharif highlighted the macroeconomic stability achieved under the IMF’s Extended Fund Facility (EFF), which has played a key role in stabilizing the country’s economy. He reaffirmed his government’s commitment to sustaining reform momentum, particularly in key areas such as tax reform, energy sector efficiency, and private sector development.

    Georgieva praised Pakistan’s efforts in implementing the IMF-supported program, acknowledging the country’s improving economic performance with rising growth and declining inflation. She recognized Pakistan’s economic recovery and noted that it is on a positive trajectory. The IMF chief also commended Prime Minister Sharif’s leadership and personal dedication to advancing the country’s reform agenda.

    “We appreciate the strong commitment of Prime Minister Shehbaz Sharif and his team to Pakistan’s IMF-supported reforms,” Georgieva stated. “Their decisive actions are paving the way for higher growth and more job opportunities, particularly for Pakistan’s youthful population.”

    - Advertisement -

    IMF’s continued support

    The IMF Managing Director reiterated the IMF’s continued support for Pakistan’s economic transformation, stressing the importance of fiscal discipline, structural reforms, and good governance in ensuring long-term economic growth and stability.

    Prime Minister Shehbaz Sharif expressed gratitude for the IMF’s ongoing support and emphasized Pakistan’s determination to transition from macroeconomic stabilization to a path of sustainable economic growth and prosperity. “We appreciate the IMF’s continued partnership as Pakistan moves towards a stronger and more resilient economy,” he stated.

    The meeting underscored Pakistan’s commitment to economic prudence, efficiency, and sustainability as essential pillars for inclusive and sustained growth. With the IMF’s continued backing, the government aims to further strengthen its reform agenda to enhance economic resilience and unlock future growth potential.

    - Advertisement -

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Latest news

    In Lok Sabha: Government Introduces Farmers’ Distress Index to Preempt Agricultural Crises

    The minister said that the Farmers Distress Inde is designed to develop a forewarning system to take preventive measures to identify farmer distress, providing alerts three months in advance.

    Emissions from Building Sector Stopped Rising for the First Time Since 2020, Says UNEP Report

    The report's optimism stems from the observation that 2023 marked the first year where the continued expansion of building construction was decoupled from the corresponding rise in sector greenhouse gas emissions.

    Shipbreaking in Bangladesh: A Human Rights and Environmental Crisis, Says Human Rights Watch

    A 2017 study by the Bangladesh Occupational Safety, Health, and Environment Foundation found that over one-third of shipbreaking workers surveyed had developed preventable health complications due to asbestos exposure.

    Sri Lankans Participate in Historic Wildlife Census to Tackle Crop Damage

    The minister said that as Sri Lanka moves forward, the challenge remains clear: finding sustainable, humane solutions that protect both livelihoods and biodiversity for future generations.
    - Advertisement -

    CPI Inflation Hits Seven-Month Low, Says State Bank Report

    This decrease was primarily driven by a significant drop in food and beverage prices, with vegetable prices entering negative territory for the first time in 20 months.

    India Must Aim for 600 GW of Clean Energy by 2030 to Ensure Reliable and Affordable Power Supply: CEEW Report

    Since 2014, India has improved electricity access, strengthened energy security, and set a foundation for clean energy transition. However, meeting the 2030 goal requires adding 56 GW of non-fossil capacity annually.

    Must read

    In Lok Sabha: Government Introduces Farmers’ Distress Index to Preempt Agricultural Crises

    The minister said that the Farmers Distress Inde is designed to develop a forewarning system to take preventive measures to identify farmer distress, providing alerts three months in advance.

    Emissions from Building Sector Stopped Rising for the First Time Since 2020, Says UNEP Report

    The report's optimism stems from the observation that 2023 marked the first year where the continued expansion of building construction was decoupled from the corresponding rise in sector greenhouse gas emissions.
    - Advertisement -

    More from the sectionRELATED
    Recommended to you