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IMF shows satisfaction over govt’s performance so far

IMF shows satisfaction over govt’s performance so far

ISLAMABAD: With releasing the second tranche of $553.3 million, International Monetary Fund has expressed satisfaction over the Pakistani authorities’ performance under the Extended Fund Facility so far.

However, it has expressed concerns that overall vulnerabilities remain high and it will be crucial to consolidate the fiscal adjustment, boost external buffers, and deepen structural reforms.

IMF has stressed the Pakistani government to improve tax administration, eliminate tax loopholes, improve the energy sector’s efficiency, boost international reserves through policy rate adjustment, address inflation once reserves begin to recover and build greater exchange rate flexibility.