Pakistan’s Economic Management Gets Thumbs Up From IMF

[A1Kaid]

Pakistan’s Economic Management Gets Thumbs Up From IMF

By Charlene Lee, Mar 11, 2015

Pakistan’s economy has improved, thanks to prudent monetary and fiscal policies, strong capital inflows, robust remittances from abroad and lower oil prices, the International Monetary Fund said on Wednesday.


“The authorities have made progress with consolidating macroeconomic stability, strengthening public finances and rebuilding foreign-exchange buffers,” Masood Ahmed, director of the IMF’s Middle East and Central Asia department, said in a statement following a recent visit to Islamabad and Lahore.


As a result, economic growth is strengthening and inflation is slowing, he added.

Pakistan’s central bank slashed its key interest rate in January by a full percentage point, to 8.5%, citing a slowdown in inflation, among other factors, amid plummeting oil prices and declining global prices for other commodities. January’s interest-rate cut came after a half-percentage point easing in November.

Mr. Ahmed called on Pakistan’s government to further bolster revenue by broadening the tax base and improving compliance, which would allow it to further reduce public debt while increasing spending in key areas such as health and education.


Excerpt: Pakistan’s Economic Management Gets Thumbs Up From IMF - Frontier Markets News - Emerging & Growth Markets - WSJ

Pakistan reducing inflation and increasing economic growth, broadening tax net thus increasing government revenue. PM Nawaz Sharif administration is managing the economy well, Pakistan has economic stability.

 

[WishLivePak]

IMF is big liar! Pakistan economy crashing, Ishaq dar stealing dollas! IMF is owned and run by Nawaz, all money going to swiss banks! Fake thumbs up!

\s


Inflation fell due to fall in price of oil.

 

[Flight of falcon]

Despite doom and gloom predictions by paid for anchors and illegitimate born supporters of Nawaz and Bhutto Zardari yet again the economic team delivered and earned endorsement of international review team. As I have always said just hang in tight for few more months and in sha Allah last sixty years of trash will be cleared soon.


Statement at the Conclusion of the IMF Mission to Pakistan
February 14, 2020

End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF's Executive Board for discussion and decision.

• Considerable progress has been made in the last few months in advancing reforms and continuing with sound economic policies. All end-December performance criteria were met, and structural benchmarks have been completed.
• Steadfast progress on program implementation will pave the way for the IMF Executive Board’s consideration of the review.
• In implementing the program, development and social spending have been accelerated.

An International Monetary Fund (IMF) mission, led by Ernesto Ramirez Rigo, visited Islamabad during February 3-13, to initiate discussions on the second review of the authorities’ economic reform program supported under the Extended Fund Facility (EFF) arrangement (see Press Release No. 19/264). At the conclusion of the visit, Mr. Ramirez Rigo made the following statement:



“The IMF staff team had constructive and productive discussions with the Pakistani authorities and commended them on the considerable progress made during the last few months in advancing reforms and continuing with sound economic policies. The mission and the authorities made significant progress in the discussions on policies and reforms. In the coming days progress will continue to pave the way for the IMF Executive Board’s consideration of the review.



“The macroeconomic outlook remains broadly as expected at the time of the first review. Economic activity has stabilized and remains on the path of gradual recovery. The current account deficit has declined, helped by the real exchange rate that is now broadly in line with fundamentals, while international reserves continue to rebuild at a pace considerably faster than anticipated. Inflation should start to see a declining trend as the pass-through of exchange rate depreciation has been absorbed and supply-side constraints appear to be temporary. Fiscal performance in the first half of the fiscal year remained strong, with the general government registering a primary surplus of 0.7 percent of GDP on the back of strong domestic tax revenue growth. Development and social spending have been accelerated.”


MEDIA RELATIONS
PRESS OFFICER: OLGA STANKOVA

PHONE: +1 202 623-7100EMAIL: MEDIA@IMF.ORG

@IMFSpokesperson

 

[El Sidd]

IMF is the mafia that supports PTI government.

The prime minister is morally obligated to commit suicide as he had promised in his campaign. There is no need for him to hide behind religious dogma in this. This was a pact he made in public with public as witness not God.

 

[KhanBaba2]

Thread already running at https://defence.pk/pdf/threads/pakistans-economic-management-gets-thumbs-up-from-imf.364576/. Oh wait..

 

[AZ1]

IMF is the mafia that supports PTI government.

The prime minister is morally obligated to commit suicide as he had promised in his campaign. There is no need for him to hide behind religious dogma in this. This was a pact he made in public with public as witness not God.

Haha then please provide Pakistan with $6 billion talk is free. You think IMF is a charity program who will give you money and in the end will say ok that was charity if you need more let us know.

 

[Syed1.]

IMF is the mafia that supports PTI government.

The prime minister is morally obligated to commit suicide as he had promised in his campaign. There is no need for him to hide behind religious dogma in this. This was a pact he made in public with public as witness not God.

@Dubious Please see.

 

[El Sidd]

Haha then please provide Pakistan with $6 billion talk is free. You think IMF is a charity program who will give you money and in the end will say ok that was charity if you need more let us know.

Why does the GoP need just 6 billion dollars? Since you are quite pro government, do tell why do you need the money?

 

[hussain0216]

Why does the GoP need just 6 billion dollars? Since you are quite pro government, do tell why do you need the money?

Yeah we should pay for everything with free Biryani or Bhutto zinda hai slogans

 

[B.K.N]

Why does the GoP need just 6 billion dollars? Since you are quite pro government, do tell why do you need the money?

You don't know? I think due to current account deficit and this government or Imran Khan is not responsible for current account deficit.

 

[Riz]

IMF is the mafia that supports PTI government.

The prime minister is morally obligated to commit suicide as he had promised in his campaign. There is no need for him to hide behind religious dogma in this. This was a pact he made in public with public as witness not God.

U fool he returned 18 billion dollars of loan in just 1.5 years of his term.. He returned double what he borrowed from IMF...

 

[El Sidd]

Yeah we should pay for everything with free Biryani or Bhutto zinda hai slogans

PTI governments song for a change was made in Gujarat, India.

You don't know? I think due to current account deficit and this government or Imran Khan is not responsible for current account deficit.

Well the government fired the minister who said we do not need to go to IMF within a week and installed IMF's representatives as finance minister or aides to PM on economy.

IMF is now brokering another NRO called ERO. Economic Reconciliation Order which Persian dissident Khusrow and Pirouz mentioning the need for a more detailed plan of the loot of the land.

U fool he returned 18 billion dollars of loan in just 1.5 years of his term.. He returned double what he borrowed from IMF...

No one will ever believe it.

 

[AZ1]

Why does the GoP need just 6 billion dollars? Since you are quite pro government, do tell why do you need the money?

free briyani and naan qeema now go figure.

 

[Riz]

No one will ever believe it.

Who care about donkeys??

 

[El Sidd]

free briyani and naan qeema now go figure.

Thank you for your honesty.

IMF has no qualms providing funds to keep Pakistan politically regressive and dependent on aide and loans as India further strangles the jugular vein of the country