Washington,
Islamabad (Agencies/EWN) Paving the way for the approval of a new loan
program of 7 billion dollars for Pakistan, the meeting of the Executive Board
of the International Monetary Fund has been scheduled on September 25, in which
there is a possibility of approving a special loan program for Pakistan.
Finance Minister Senator Muhammad Aurangzeb has said that all matters with the
IMF have been settled amicably. Pakistan has fulfilled the terms of the bailout
package of seven billion dollars, the country's economy has improved due to
consistent policy making, there has been a significant increase in the growth
rate, while inflation has also decreased.
During a
press briefing in Washington DC on Thursday, IMF spokesperson Julie Kozek said
that Islamabad has fulfilled the conditions with the help of friendly
countries. In response to a question about the possible impact of the new
program on the Pakistani economy, Julie Kozek said that it would be necessary
to implement the terms of the agreement, she said that if the program is
implemented consistently and successfully. So this will improve the economy and
achieve the goal of sustainable growth, the strengthening of the economy will
increase new jobs and employment, but also give new opportunities to the youth
who want to improve their quality of life.
It is
said that the economy is moving towards development after stabilization,
reduction in policy rate will increase investment and business activities in
the country, increasing economic activities will create employment
opportunities. In addition, the Governor State Bank said that apart from the
IMF, 2 billion dollars of loan guarantees have been obtained from the
international private sector, there is no more obstacle in obtaining the IMF
program. The IMF will present its case in the meeting, Pakistan has to pay
26.20 billion dollars this fiscal year.
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