Pakistan, IMF reaffirm commitment to macroeconomic stability

WEB DESK -- Pakistan and the IMF have reaffirmed the commitment to continued cooperation and safeguarding macroeconomic stability against external challenges.  

The resolve was reiterated during a meeting between Finance Minister Muhammad Aurangzeb and First Deputy Managing Director of IMF Dan Katz on the sidelines of the World Bank Group-IMF Annual Meetings in Bangkok, Thailand.

They discussed Pakistan's macroeconomic stability, progress under the IMF-supported programme and ongoing structural reforms.

The Finance Minister highlighted improved investor confidence, sovereign credit rating upgrades and renewed access to international capital markets.

He reaffirmed Pakistan's commitment to fiscal discipline, tax reforms, privatization and sustainable economic growth.

Both sides welcomed the staff-level agreement and acknowledged improvements in fiscal performance, foreign exchange reserves, inflation and external sector stability.

Discussions also covered the impact of the Middle East conflict on energy prices and inflation, and the targeted relief for vulnerable households within fiscal constraints.