IMF satisfied with overall macro economic performance of Pakistan

IMF satisfied with overall macro economic performance of Pakistan government. International Monetary Fund’s Resident Representative for Pakistan, Teresa Daban Sanchez has expressed so.

She expressed her views during a conversation with relevant stakeholders on first quarterly review of 39-month arrangement under the Extended Fund Facility for Pakistan. The event held in Islamabad.

She further said that revenue collections have increased substantially.

Moreover, the IMF Resident Representative also noted improvement in the trade deficit and net foreign assets.

She also noted a successful transition towards a market-based exchange rate regime by the government while adding that it helps increase foreign exchange reserves.

Meanwhile, she sees government success in controlling expenditures with help of new public finance management law. Besides, avoiding borrowing from the central bank, she noted.