Pakistan committed to implement macroeconomic stability programme: Dar

ISLAMABAD: Finance Minister Senator Mohammad Ishaq Dar on Monday said that Pakistan was committed to successfully implement the macroeconomic stability programme announced by the government in June 2013.

He stated this while attending the meeting in connection with Tenth Review under International Monetary Fund (IMF’s) Extended Fund Facility in Dubai today.

According to a message received here from Dubai today, the finance minister on Monday attended the meetings being held in Dubai in connection with the IMF’s Extended Fund Facility (EFF).

Ishaq Dar said that the excellent achievement in meeting the performance criteria under the programme reflected the seriousness with which the programme was being accomplished.

During the meeting with IMF, the minister highlighted that it was not only the quantitative targets but also the rich agenda of structural reforms being undertaken with the aim of stabilization of the economy and creation of room for faster growth and poverty reduction.

He also underlined the rising growth and declining inflation during the tenure of current government under the leadership of Prime Minister Nawaz Sharif together with significant expansion in coverage of Benazir Income Support Programme (BISP) cash transfers, which would be rising from Rs40 billion in 2012-13 to Rs.105 billion in 2015-16, increasing the coverage from 3.7 million to 5.4 million families and significantly enhanced income support annual stipend from Rs.12000 to Rs.18000 during this period.

The IMF Mission Chief, Harald Finger welcomed the finance minister and appreciated the efforts being expended by the government team in achieving the goals and targets of the program and expressed hope that this performance would be maintained going forward.

The talks would continue in next two days and tenth review is expected to conclude by Thursday, February 4,2016.