ISLAMABAD - Pakistan and the International Monetary Fund (IMF) have discussed the economic situation caused by the devastating floods in the country, affected infrastructure, crops and the livelihood of the people.
Federal Minister for Finance & Revenue Senator Muhammad Ishaq Dar held a virtual meeting with IMF Mission Chief Nathan Porter. Finance minister, while briefing him on the post-floods’ economic situation in the country, stated that the government would take measures to reduce the burden on the economy while protecting the vulnerable sections of the population. The minister further said that the government aims to address structural issues so that Pakistan is able to end its fiscal deficit and move towards sustainable growth.
The finance minister recalled the meeting of Prime Minister Shehbaz Sharif with IMF MD during his recent visit to the US in which IMF MD vowed to support Pakistan in this difficult situation caused by the flash floods, and reconsider the programme conditions.
The finance minister further reaffirmed the government’s commitment to undertake the reforms envisaged under the programme