US urges Pakistan to continue working with IMF on reforms to improve business environment

Published
0
In this file photo, US State Department Spokesman Ned Price speaks during a news briefing. — Reuters/File
In this file photo, US State Department Spokesman Ned Price speaks during a news briefing. — Reuters/File

The US State Department has urged Pakistan to “continue working” with the International Monetary Fund (IMF), especially on reforms that will improve the country’s business environment, highlighting that it would help Pakistan attract “high-quality investment”.

State Department spokesperson Ned Price made the remarks in response to a query at a weekly press briefing on Wednesday.

“We encourage Pakistan to continue working with the IMF, especially on reforms that will improve Pakistan’s business environment. We believe that doing so — and the IMF believes this — will make Pakistani business more competitive [and] will also help Pakistan attract high-quality investment,” he said.

Price’s advice comes at a time when the government is striving to implement measures demanded by the IMF in order to complete its $7bn Extended Fund Facility programme as the country’s reserves are barely enough for three weeks of essential imports.

Amid continuous assurances from Finance Minister Ishaq Dar that the staff-level agreement is “about to conclude”, the international lender has required Pakistan, as a last step, to guarantee that its balance of payments deficit is fully financed for the remaining period of an IMF programme.

Responding to a query during the briefing if the US was worried about Pakistan’s current situation as it faced major economic issues, political challenges and a rise in terror attacks, Price reiterated US support for Pakistan through “economic partnership that has existed with the US over the course of decades now”.

He said that Pakistan was working with “international financial institutions — the IMF — to put itself on a sustainable growth path”.

“The United States is ready and able to continue to be a partner to the people of Pakistan and to our Pakistani counterparts as well,” he added.

In response to a question about if the US was not using its “friendly influence” that it had at the IMF to help Pakistan secure the deal, the spokesperson said: “Ultimately, it’s going to have to be decisions on the part of our Pakistani counterparts to unlock this IMF funding.”

Encouraging Pakistan to continue working with the money lender, Price highlighted that the technologies, market connections and management systems that accompany the deal were of more value than the “potential investment dollars”.

“They improve the competitiveness of partnering Pakistani firms, fueling economic growth that increases employment and household incomes,” he added.

The state department official asserted that it believed Pakistan could put itself on a path to sustainable growth by “continuing to make the necessary economic decisions”.

Additionally, responding to a query about police being involved in violence against the participants of the Aurat March in Islamabad a day ago, Price said the department was instead aware of the “clashes in Lahore ahead of a planned rally” by PTI Chairman Imran Khan and called for “all to exhibit restraint”.

Follow Dawn Business on X, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Kashmir unresolved
Updated 30 Sep, 2026

Kashmir unresolved

The just solution lies in India addressing the issue through a trilateral dialogue involving the legitimate representatives of the Kashmiri people and Pakistan.
Water shortage
30 Sep, 2026

Water shortage

THAT the country is entering the Rabi season with an anticipated water shortage of nearly 25pc, the lowest carryover...
Young hearts
30 Sep, 2026

Young hearts

THE observance may have passed, but the message of World Heart Day should not fade with it. The occasion is a useful...
Terror and politics
Updated 29 Sep, 2026

Terror and politics

There is an urgent need to tone down the rhetoric and tackle terrorism as a collective challenge for both the affected provinces and the federation.
Watching the glaciers
29 Sep, 2026

Watching the glaciers

THE latest signs from Pakistan’s mountains are worrying. Suparco says the number of unfrozen glacial lakes it...
Dangerous agenda
29 Sep, 2026

Dangerous agenda

AS the world remains fixated on the US-Iran conflict, elsewhere in the Middle East, Israel is consolidating its grip...