Finance minister briefs IMF mission chief on govt efforts for economic uplift

Published March 27, 2019
IMF Mission Chief for Pakistan Ernesto Ramirez Rigo called on Finance Minister Asad Umar. Finance Secretary Mohammad Younus Dagha was also present. — APP
IMF Mission Chief for Pakistan Ernesto Ramirez Rigo called on Finance Minister Asad Umar. Finance Secretary Mohammad Younus Dagha was also present. — APP

Finance Minister Asad Umar on Tuesday met with International Monetary Fund's (IMF) new mission chief for Pakistan, Ernesto Ramirez Rigo, in Islamabad and apprised him of the measures taken by the government to revamp the economy.

According to a statement issued by the Ministry of Finance, discussions between the two focused on fiscal, monetary, and structural reforms as well as the energy sector.

The finance minister informed the IMF mission chief that the structural reforms and other economic initiatives introduced by the government were "yielding desired results", the statement said.

Umar also assured Rigo that "the government would continue to address the macroeconomic imbalances and would take necessary corrective measures in this regard".

Also read: Accord on $6bn IMF package likely by April

Adviser to the Prime Minister for Commerce, Textile and Industry Production Abdul Razak Dawood also met the IMF mission chief and informed him that the government had brought in various economic reforms for the promotion of industry and trade.

"We will soon launch the country's first national tariff policy," the advisor informed Rigo. He expressed confidence that the policy will help towards the betterment of the economy.

The IMF official during the discussion said that the economic reforms were a good step taken by the government. "I hope that corrective measures continue to be taken. This will bring improvements to the economy," he added.

Opinion

Window of opportunity
05 Mar 2021

Window of opportunity

How do we ensure growth revival built on a sustainable, efficient and stable foundation?
March for freedom
Updated 05 Mar 2021

March for freedom

Those demanding ‘azadi’ are moving society forward.
More of the same
Updated 04 Mar 2021

More of the same

Civil society groups and political parties tend to treat their paid employees as casual labour.

Editorial

Ravi project
Updated 05 Mar 2021

Ravi project

THE assault by an enraged group of farmers on a provincial revenue team assigned to acquire land for the...
05 Mar 2021

Climate change

PAKISTAN received much less rainfall in January 2021 as compared to previous years, making it the 17th driest month...
05 Mar 2021

Antimicrobial resistance

WITH the focus on Covid-19, many health issues, though otherwise recognised as serious medical problems, tend to be...
04 Mar 2021

Senate upset

THE Senate election results have delivered a stunning blow to the PTI. While the ruling party has seen an increase ...
ME ‘security pact’
Updated 04 Mar 2021

ME ‘security pact’

THERE has been an overflowing of bonhomie between the Gulf Arabs and Israel over the past few months, much of it...
04 Mar 2021

Students’ protest

A GROUP of university students in Karachi and Hyderabad caught the media’s attention when they announced a...