Negotiations between Pakistan and the International Monetary Fund (IMF) continued for the fourth consecutive day, with Pakistan’s economic team expressing optimism regarding the discussions.
Minister of State for Finance Ali Pervaiz Malik, in an exclusive conversation with Samaa TV, stated that talks are moving in a positive direction.
Highlighting improvements in Pakistan's economic conditions, Malik noted substantial progress over the past six months to a year. He emphasized that Pakistan’s current economic situation has seen significant enhancement, with a reduced current account deficit of only $100 million in the first quarter, a reflection of the government’s strategy to increase remittances and boost exports.
Malik shared that discussions with the IMF are primarily focused on external financing, and while there have been speculations about a potential mini-budget or an increase in the petroleum levy, he clarified that these are currently premature considerations.
The minister of state also assured that economic stability is taking root as a result of policies coordinated with the IMF. He reiterated the government’s dedication to sustainable development, led by the prime minister’s economic team. "Our aim is to achieve lasting growth, and we remain hopeful for a constructive outcome from the ongoing IMF negotiations," Malik said.
In response to the IMF’s concerns about inflation, Malik reported that the government briefed the IMF on recent reductions in inflation and its positive impacts on the economy, with prices of various goods showing a downward trend. This reduction, according to Malik, reflects the government’s efforts to maintain price stability and control inflation.
He affirmed the government’s commitment to advancing Pakistan's economic stability and growth while engaging with the IMF to foster long-term sustainable development.
