The International Monetary Fund has acknowledged Pakistan’s efforts to stabilise and improve its economy, with IMF Managing Director Kristalina Georgieva stating that the government under Prime Minister Shehbaz Sharif is moving to reforms that are difficult in nature but necessary and the results are showing.
IMF Managing Director Kristalina Georgieva, referred to the reform push being led by Prime Minister Shehbaz Sharif. The steps taken were not difficult but had become unavoidable also highlighting the Serious engagement with the reform process that has been shown by Pakistan, particularly in managing public finances, Georgieva said. Improved control over spending, she noted, has helped create room for allocating funds to areas linked with public welfare.
Some impact of these measures is now emerging, even though economic challenges remain. The progress seen so far, she added, reflects better implementation of commitments agreed under the IMF programme.
Among observers, the view is that the IMF’s remarks signal increasing confidence in Pakistan’s economic direction. Similar acknowledgments have also come from other international financial institutions following recent policy actions taken by the government.
Source: Radio Pakistan