Finance Minister Aurangzeb vows to implement IMF conditions

Federal Minister for Finance and Revenue Senator Mohammad Aurangzeb and his Advisor Khurram Shehzad on Wednesday welcomed IMF staff-level accord and said that the current government is determined to fully implement International Monetary Fund (IMF) conditions, reported 24NewsHD TV channel.

In his reaction to the IMF statement, Finance Minister Aurangzeb said "We remain committed to stay the course and continue to execute structural reforms with respect to taxation, energy and SOEs to put our country on the trajectory of sustainable productivity and export led-growth".

Advisor to Finance Minister Khurram Shehzad said that the International Monetary Fund (IMF) Staff and the Pakistani authorities have reached a staff-level agreement on the first review under Pakistan’s 37-month $7bn Extended Fund Facility (EFF) and on a new 28-month $1.3 billion arrangement under the Resilience and Sustainability Facility (RSF).

Upon Board approval, Pakistan will have access to about $1bn under the EFF, bringing total disbursements under the EFF to about $2bn, Advisor to Finance Minister, Khurram Shehzad on X.

He said, Pakistan was making significant strides in economic reforms, focusing on tax equity, monetary stability, energy sector transformation, and climate resilience. Supported by the IMF, these efforts are laying the foundation for a sustainable and prosperous future.