The IMF mission described the talks with Pakistan as positive. Mission Chief Nathan Porter says that Pakistan needs strict implementation of the goals of the current loan program, strict implementation of the goals can improve the quality of life of the people.
The International Monetary Fund (IMF) mission led by Nathan Porter completed a staff visit to Pakistan from November 12 to 15, 2024, during which the provincial governments and the State Bank of Pakistan Also held talks with representatives of the private sector.
According to the statement, the purpose of the visit is to brief officials and other stakeholders on the country's economic progress and the status of policies and planned reforms.
“We have had constructive discussions with the authorities on their economic policy and reform efforts to mitigate challenges and lay the foundation for strong and sustainable growth,” Nathan Porter said in a statement at the end of the visit. of
He said, “We agreed on the need to continue prudent fiscal policies, include non-tax-paying entities in the tax net, transfer more social and developmental responsibilities to the provinces.”
Apart from this, he said that 'energy sector reforms and constructive measures are necessary to restore the viability of this sector.
“Pakistan should take steps to reduce state intervention in the economy and increase competition, which will help foster the development of a vibrant private sector,” said Nathan Porter. A robust program implementation can create a more prosperous and more inclusive Pakistan, improving the quality of life for all Pakistanis'.
He said that we are encouraged by the positive commitment of the authorities in terms of economic reforms under the 2024 Expanded Fund Facility (EFF). The F delegation will come to Pakistan again in the first quarter of next year 2025.
Special discussions were held on energy reforms and challenges in Pakistan, there is a need to increase the share of the private sector in many sectors and limit the share of the government of Pakistan.
