ISLAMABAD: (Suno News) Finance Minister Mohammad Aurangzeb has successfully completed the talks with the International Monetary Fund (IMF) mission.
The economic team briefed on the economic performance of the first eight months of the current fiscal year.
According to sources, the briefing highlighted macro-economic indicators such as exchange rate and foreign exchange reserves, demonstrating the country’s economic stability. The Finance Minister assured the IMF that the government is committed to fully implementing the programme.
The IMF mission was briefed on the economic indicators from July to February. Discussions were held with the IMF delegation regarding revenue from July to January for the current fiscal year. The briefing included improvements in the fiscal deficit, primary balance, provincial surpluses, and revenue collections.
During the briefing to the IMF delegation, it was stated that macroeconomic stability has been achieved in the country, with ongoing reforms in the tax and energy sectors.
The delegation was also briefed on the progress made in rightsizing and privatization of state-owned enterprises.
The Chairman of the FBR and senior officers from the Finance Division participated in the negotiations. The delegation also discussed revenue targets for July to January of the current fiscal year.
The briefing also covered the Economic Wing, Budget Wing, External Finance Wing, Regulations Wing, and DG Debt. The fiscal deficit from July to December was recorded at 1,537 billion rupees. The Chairman of the FBR, Rashid Mehmood Langrial, briefed the delegation on revenue collection.
