Pakistan

Expert optimistic about IMF bailout

'Extended Fund Facility signed between Pakistan and the IMF would lead towards economic stability'

APP May 14, 2019

Many delegates from the United States and government officials were present at the seminar

ISLAMABAD: The government has to execute the International Monetary Fund (IMF) programme properly and in full spirit to meet its goals for economic growth, former finance secretary Dr Waqar Masood told APP on Monday. He was of the view that the Extended Fund Facility signed between Pakistan and the IMF would lead towards economic stability in the country and help promote growth. He urged the government to initiate structural changes in the national economy by introducing reforms in various sectors including the areas of tax and energy. Masood voiced hope that the current government would succeed in achieving economic growth in coming years by implementing proper economic policies. He pointed out that after success of talks with the IMF, doors of other lending agencies including the World Bank, Asian Development Bank and other financial institutions would be opened for Pakistan and more foreign exchange would enter the country.

Published in The Express Tribune, May 14^th, 2019.

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