{"id":100545,"date":"2024-11-19T14:27:30","date_gmt":"2024-11-19T09:27:30","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=100545"},"modified":"2024-11-19T14:27:33","modified_gmt":"2024-11-19T09:27:33","slug":"paks-economic-revival-impresses-imf","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/paks-economic-revival-impresses-imf.html","title":{"rendered":"Pakistan\u2019s economic revival impresses IMF: FM Aurangzeb"},"content":{"rendered":"\n

Islamabad: Finance Minister Muhammad Aurangzeb announced on Sunday that Pakistan’s economic turnaround has gained international recognition, with the International Monetary Fund (IMF) expressing surprise at the country’s rapid progress.<\/p>\n\n\n\n

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Addressing a press conference in Islamabad, the minister highlighted key economic improvements, including a sharp decline in inflation from 38% to 7%, an increase in foreign exchange reserves, and reduced policy rates. He credited government-led initiatives for steering the economy onto a path of stability.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Read:<\/strong> ADB commits USD 2.75 bn to Pak following IMF Loan Programme<\/a><\/p>\n\n\n\n

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\u201cThe IMF was surprised by how the Pakistani economy recovered within 14 months,\u201d Aurangzeb said. He further noted that the government\u2019s $7 billion bailout reform agenda, shared with the IMF during a recent unscheduled visit, has bolstered international confidence in Pakistan\u2019s reform trajectory.<\/p>\n\n\n\n

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Aurangzeb revealed that Prime Minister Shehbaz Sharif will soon present a comprehensive economic roadmap aimed at sustaining growth and addressing challenges in key sectors. He assured that no new taxes will be levied to cover the reported Rs190 billion revenue shortfall, stating that strict enforcement and compliance measures will ensure collection.<\/p>\n\n\n\n

<\/p>\n\n\n\n

\u201cWe are expanding the tax net and ensuring all sectors contribute fairly,\u201d he remarked, emphasizing the importance of collective effort to strengthen the economy.<\/p>\n\n\n\n

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Read:<\/strong>IMF forecasts Pakistan\u2019s GDP growth to hit 3.2% in FY25<\/a><\/p>\n\n\n\n

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During the IMF\u2019s visit, officials acknowledged Pakistan\u2019s progress under the Extended Fund Facility (EFF), particularly in turning deficits into surpluses. Aurangzeb described the discussions as transparent, refuting speculation of covert talks.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The IMF commended Pakistan’s reaffirmed commitment to reforms, including taxation, energy sector adjustments, and the privatization of loss-making state-owned enterprises (SOEs). However, the fund also identified gaps in revenue collection and external financing, which the government has pledged to address without burdening taxpayers.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Aurangzeb emphasized ongoing reforms across all sectors, particularly public finance, and climate change mitigation. \u201cThe challenges are immense, but steps are being taken to ensure sustained improvement,\u201d he said.<\/p>\n\n\n\n

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Read:<\/strong> UBG advocates for business relief, lower interest rates following IMF deal<\/a><\/p>\n\n\n\n

<\/p>\n\n\n\n

The finance minister\u2019s optimistic outlook reflects the government\u2019s commitment to bolstering investor confidence and securing economic stability. With the prime minister’s roadmap on the horizon, stakeholders await detailed strategies to maintain momentum in Pakistan’s economic recovery.<\/p>\n","protected":false},"excerpt":{"rendered":"

Islamabad: Finance Minister Muhammad Aurangzeb announced on Sunday that Pakistan’s economic turnaround has gained international recognition, with the International Monetary Fund (IMF) expressing surprise at the country’s rapid progress. Addressing a press conference in Islamabad, the minister highlighted key economic improvements, including a sharp decline in inflation from 38% to 7%, an increase in foreign exchange reserves, and reduced policy rates. He credited government-led initiatives for steering the economy onto a path of stability. Read: ADB commits USD 2.75 bn to Pak following IMF Loan Programme \u201cThe IMF was surprised by how the Pakistani economy recovered within 14 months,\u201d Aurangzeb said. He further noted that the government\u2019s $7 billion bailout reform agenda, shared with the IMF during a recent unscheduled visit, has bolstered international confidence in Pakistan\u2019s reform trajectory. Aurangzeb revealed that Prime Minister Shehbaz Sharif will soon present a comprehensive economic roadmap aimed at sustaining growth and addressing challenges in key sectors. He assured that no new taxes will be levied to cover the reported Rs190 billion revenue shortfall, stating that strict enforcement and compliance measures will ensure collection. \u201cWe are expanding the tax net and ensuring all sectors contribute fairly,\u201d he remarked, emphasizing the importance of collective effort…<\/p>\n","protected":false},"author":18,"featured_media":100274,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016],"tags":[60537,49647,7793,60542,60538,60536,60545,34475,60540,60544,60539,60094,60541,60543,31455],"persona":[],"class_list":{"0":"post-100545","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"tag-economic-revival","9":"tag-extended-fund-facility","10":"tag-foreign-exchange-reserves","11":"tag-imf-pakistan","12":"tag-inflation-drop","13":"tag-pakistan-economic-reforms","14":"tag-pakistan-economic-stability","15":"tag-pakistan-economy","16":"tag-pakistan-imf-bailout","17":"tag-policy-rate-reduction","18":"tag-public-finance-reforms","19":"tag-revenue-shortfall","20":"tag-shehbaz-sharif-economic-roadmap","21":"tag-state-owned-enterprises-privatization","22":"tag-tax-compliance","23":"cat-15016-id"},"acf":[],"yoast_head":"\nPak\u2019s economic revival impresses IMF: Aurangzeb Zameen News<\/title>\n<meta name=\"description\" content=\"PM Sharif will soon present a comprehensive economic roadmap aimed at sustaining growth and addressing challenges in key sectors...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/paks-economic-revival-impresses-imf.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pak\u2019s economic revival impresses IMF: Aurangzeb Zameen News\" \/>\n<meta property=\"og:description\" content=\"PM Sharif will soon present a comprehensive economic roadmap aimed at sustaining growth and addressing challenges in key sectors...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/paks-economic-revival-impresses-imf.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News & Pakistan Property News & Latest Updates - 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