Federal Minister for Finance and Revenue, Mr. Muhammad Aurangzeb, met with Mr. Makhtar Diop, Managing Director, International Finance Corporation (IFC) in Washington. He briefed him on the positive economic indicators of the country including improving foreign exchange reserves, stable currency, declining inflation, surging stock market and institutional/ foreign inflows into the market on the back of 9-month Standby Arrangement (SBA) with IMF.

He informed that Pakistan wanted to enter into a larger and extended programme with IMF. He identified broadening tax reforms, fixing the energy sector and undertaking SOE reforms as key priorities of the government and thanked IFC for its support in the outsourcing of Islamabad airport to be followed by Lahore and Karachi.  He noted with satisfaction that IFC activities in the country have picked up.  He requested IFC support to help the government in shifting PSDP to PPP-mode.

Credit: Independent News Pakistan