Khusro thanks IMF for support


ISLAMABAD (DNA) -Resident Representative of International Monetary Fund in Pakistan Ms. Teresa Daban Sanchez called on Federal Minister for Economic Affairs Mr. Makhdum Khusro Bakhtyar in his office this afternoon.

The Minister appreciated and thanked the IMF’s support of US$ 1.386 billion under the Rapid Financing Instrument to address the socioeconomic impact of the COVID-19 outbreak.

The Minister highlighted that Government of Pakistan and IMF are working together for much needed structural reforms for fiscal consolidation and long-term sustainable growth.

Minister exchanged his views on looming global economic crisis and negative impact on communities due to the Pandemic and cumulative global response to combat COVID shock.

 He expressed the hope that IMF and Pakistan would collaborate to mitigate the impact of the Pandemic on regular basis and would address the emerging situation accordingly while keeping focus on social safety nets for vulnerable section of the society to navigate through crucial time of the Pandemic. Ms. Teresa Daban Sanchez, Resident Representative of IMF concurred with the views of Minister and said that IMF would continue to cooperate with Pakistan for sustainable economic growth in future.