IMF notes Pakistan’s positive economic performance in initial review

Uncategorized Faizah Kamal 25-Dec-2019

On December 24 during the first review of Pakistan’s economic performance under the Extended Fund Facility (EFF), it was noted by Teresa Daban Sanchez, International Monetary Fund’s (IMF) Resident Representative for Pakistan, that the overall macro-economic performance remained satisfactory.

Sanchez said revenue collections have increased substantially, with improvement in the trade deficit and net foreign assets. She said this during a conversation with relevant stakeholders on the first quarterly review of a 39-month arrangement made under the EFF for Pakistan, organised by the Sustainable Development Policy Institute (SDPI).

There was a successful transition towards a market-based exchange rate regime by the government which helps increase foreign exchange reserves, Sanchez added.

The post ‘IMF notes positive economic performance of Pakistan in first quarter review’ appeared first on Associated Press of Pakistan.