Govt making efforts to re-negotiate with IMF on more favorable terms: Dar

Islamabad: Finance Minister Muhammad Ishaq Dar on Sunday said that the government was taking necessary measures to re-negotiate with International Monetary Fund on more favorable terms and conditions.

Dar expressed hope that the IMF would be satisfied with Pakistan's progress, as the country has fulfilled the necessary requirements. He expressed these words while talking to a local private TV on Sunday.

Ishaq Dar expressed optimism that Pakistan would achieve the growth rate set by the government, indicating a positive outlook for the nation's economic development in the coming year.

The Finance Minister said the federal government has given a massive relief to the salaried class in the new budget by announcing 35 per cent ad-hoc relief allowance for its employees in grade one to 16 and 30 percent for employees in grades 17 to 22.

Reply to a question, he criticized the previous government of Pakistan Tehreek-e-Insaf for formulating weak policies.

He said these policies caused significant difficulties for masses in their daily lives, leading to financial constraints for the country.