Prime Minister Anwar-ul-Haq Kakar has reaffirmed the government’s unwavering commitment to concerted efforts towards comprehensive economic reforms during a meeting with Nathen Porter, the IMF Mission Chief, and Teresa Pérez, the IMF Resident Representative for Pakistan. The objective of these reforms is to strengthen Pakistan’s economy in the long term. The discussions focused on the current status of technical-level negotiations between the government’s team and the IMF under the Stand-By Arrangement (SBA) program.
Nathen Porter acknowledged the government’s persistent efforts to fulfill the three-month targets of the program, recognizing Pakistan’s endeavors in meeting these objectives. He commended the positive outcomes achieved at the technical level as a result of the collaborative efforts between both teams. Porter highlighted that extensive discussions had taken place on various aspects of the SBA, providing comprehensive oversight.
During the technical-level negotiations, both teams extensively reviewed the progress and challenges related to the first review under the SBA. Nathen Porter expressed satisfaction with the government’s endeavors, particularly emphasizing the cooperation of the Ministry of Finance and its team, as well as the collaboration with the State Bank Governor’s team.
Porter acknowledged the positive outcomes of the technical discussions, indicating a shared understanding on various dimensions of the SBA. The engagement involved thorough dialogue on economic policies, fiscal measures, and monetary strategies to achieve the program’s objectives.
Prime Minister Anwar-ul-Haq Kakar, in expressing gratitude towards the IMF team, recognized their efforts to understand and support Pakistan’s ongoing initiatives. He specifically praised the collaborative approach of the Ministry of Finance and Revenue leadership and the teamwork involved in advancing the program.
The meeting underscored the significance of continued cooperation between Pakistan and the IMF to address economic challenges effectively. The Prime Minister conveyed his appreciation for the assistance provided by the IMF team and acknowledged their role in guiding Pakistan’s economic policies.
The commitment to economic reforms and collaboration with international financial institutions remains a focal point for Pakistan’s government. The ongoing negotiations and discussions at the technical level reflect a shared determination to stabilize and fortify Pakistan’s economy. The positive feedback from Nathen Porter and Teresa Pérez underscores the progress made in implementing the reform agenda and navigating challenges.
Prime Minister Anwar-ul-Haq Kakar’s meeting with the IMF Mission Chief and Resident Representative demonstrates Pakistan’s dedication to economic reforms and the constructive collaboration with the IMF. The technical-level negotiations signify a step forward in achieving the goals outlined in the Stand-By Arrangement program. As Pakistan navigates through economic complexities, the commitment to sustained reforms and international cooperation remains pivotal for long-term economic stability.
