News

Talks with IMF: People wont be burdened anymore, says Shamshad

By News Desk

November 13, 2023 11:28 PM


Caretaker Finance Minister Dr Shamshad Akhtar has said the people will not be burdened anymore, 24NewsHD TV channel reported on Monday.

Talking about the negotiations between the government and the International Monetary Fund (IMF), she said the federal government will adopt a policy of austerity to control the budget deficit.

Discussions with the IMF are progressing positively and the fund has full confidence in the caretaker government, she said, adding that the IMF expressed satisfaction with the Benazir Income Support Programme.

Finance Minister Dr Shamshad and the IMF’s mission chief for Pakistan, Nathan Porter led their sides to the opening round of two-week-long negotiations to discuss the next tranche based on Pakistan’s performance in the first quarter.

According to the finance ministry, Porter praised the government’s commitment to meeting the first-quarter targets and measures taken in some critical areas.

The mission chief underscored the importance of continuing these efforts to stay on track to ensure the country’s economic stability.

The minister reported Pakistan’s official position on the progress made so far on the $3 billion short-term loan agreement and explained the fiscal measures being taken to improve the economic situation.

These measures included a tight control on expenditures, both in terms of restricting the development programme and reducing subsidies and provincial fiscal controls, more than the programme’s requirements for the first quarter of the fiscal year, resulting in higher-than-targeted primary surplus and non-revenue collections.


News Desk


Most Read

  1. PML-N candidate declared winner in NA-154 Lodhran vote recount PML-N candidate declared winner in NA-154 Lodhran vote recount
  2. Taxila police book ASI torture victim woman in theft case Taxila police book ASI torture victim woman in theft case
  3. Female police officer praised for saving woman with Arabic text dress from angry mob Female police officer praised for saving woman with Arabic text dress from angry mob
  4. Fire breaks out at Peshawar scrap warehouse Fire breaks out at Peshawar scrap warehouse
  5. Sajjad Haider becomes president of High Court Bar Association in Multan Sajjad Haider becomes president of High Court Bar Association in Multan
  6. Maryam Nawaz takes oath as Punjab chief minister, vows ‘no revenge’ Maryam Nawaz takes oath as Punjab chief minister, vows ‘no revenge’

Opinion

  1. Literate the Religious Illiterate
    Literate the Religious Illiterate

    By Dr Asif Channer

  2. THE SECRET WAR: Public Interest Vs Official Secrets Act 1923
    THE SECRET WAR: Public Interest Vs Official Secrets Act 1923

    By Syed Aun Mohammed Bokhari

  3. Political Opportunism and the 18th Constitutional Amendment
    Political Opportunism and the 18th Constitutional Amendment

    By Muhammad Asad Ayaz

  4. To Know and Not to Know
    To Know and Not to Know

    By Abdullah Bin Tahir

  5. Gender equality: A pre-requisite for a balanced society
    Gender equality: A pre-requisite for a balanced society

    By Mehak Sabir