The Federal Minister for Finance Senator Mohammad Ishaq Dar and other members of his team met the IMF delegation led by Mr. Harald Finger here Monday to conclude the final round of discussion of 7th IMF review on some pending policy matters.Both sides exchanged feelings of gratitude for excellent cooperation between their teams facilitating successful conclusion of the seventh review. They expressed satisfaction over the fact that Pakistan’s economy continued to gradually improve, helped by macroeconomic stability, lower oil prices, robust remittances, and higher supply of gas and electricity. The mission welcomed Pakistan government’s plans to further reduce the fiscal deficit in 2015/16, while accommodating extraordinary expenditures related to flood rehabilitation, security enhancements to fight terrorism, and resettlement of internally displaced persons.
The IMF reaffirmed its support to the government’s efforts to implement its economic reform program.
It may be mentioned that the International Monetary Fund (IMF) mission, led by Harald Finger, and Pakistan team led by Finance Minster, Senator Mohammad Ishaq Dar held discussions on the seventh review under the SDR 4.393 billion (about US$6.6 billion) Extended Fund Facility (EFF) arrangement with Pakistan. The successful conclusion of talks makes Pakistan eligible to receive the SDR 360 million, ($ 506 million) tranche.Finance Minister Dar and Mr. Harald Finger later shared outcome of the 7th review with the media.