President Asif Ali Zardari has said that the IMF loan programme had played a supportive role in stabilizing Pakistan’s economy and would also contribute to fostering economic growth in the country.  In a meeting with a delegation of the International Monetary Fund (IMF) led by Director of the Middle East & Central Asia Department, Jihad Azour, in Islamabad on Friday, President Zardari highlighted the IMF’s positive role in promoting economic development in developing nations. 

Discussing Pakistan’s current economic situation and the ongoing IMF programme, Zardari also acknowledged and appreciated the IMF’s contribution to Pakistan’s economic progress.  The delegation members expressed satisfaction over Pakistan’s efforts for economic reforms and implementation of the IMF program, which they observed was progressing in the right direction. 

The delegation members emphasized that the program had assisted in reducing inflation and fiscal deficit and strengthening Pakistan’s foreign exchange reserves. President Zardari thanked the IMF for its continued support and cooperation with Pakistan, and also appreciated the finance ministry for its efforts to improve the national economy.  The meeting was also attended by Federal Finance Minister Senator Muhammad Aurangzeb, Senator Saleem Mandviwalla, and senior government officials. 

Credit: Independent News Pakistan (INP)