IMF briefed about economic growth

Published April 28, 2004

WASHINGTON, April 27: Pakistan the other day told the International Monetary Fund that this is going to be the last year that we seek Fund's assistance.

Disclosing this Federal Finance and Economic Affairs Minister Shaukat Aziz told newsmen at a briefing at the embassy that Pakistan had been able to register success, as bulk of its economic programme was homegrown and due to continuity and consistency in its reform policies.

Pakistan, he said has been successful in tiding over "initial backlog handicaps" with IMF's assistance. Asked about the reaction of the IMF, he said it was of "appreciation and full understanding for our economic performance."

The Pakistan delegation, he said, also met the World Bank president, James D. Wolfensohn. "The WB was also appreciative of our economic performance." The World Bank, he said "is keen to help us in water and power sector".

In response to a question, he said Iran-Pakistan gas pipeline is yet another project in which the World Bank could help Pakistan. The UAE, he stated was keen to participate in equity. If this gas project goes to India, he said, it would act as a further confidence building measure. -APP

Opinion

Editorial

A difficult story
Updated 12 Jun, 2026

A difficult story

Unless productivity becomes the dominant target of economic policy, Pakistan will continue to oscillate between crises and fragile recovery.
Rough waters
12 Jun, 2026

Rough waters

AMONGST the key potential triggers for fresh conflict in South Asia is water. The Indian state is behaving in an...
Politicised football
12 Jun, 2026

Politicised football

ALMOST three-and-half years since Lionel Messi led Argentina to FIFA World Cup glory, the latest edition of...
GB polls’ aftermath
Updated 11 Jun, 2026

GB polls’ aftermath

The new administration must address the region’s issues proactively.
Peace in retreat
11 Jun, 2026

Peace in retreat

THE ceasefire announced in April was supposed to create space for negotiations. Instead, it has been repeatedly...
A few good men
11 Jun, 2026

A few good men

IT was a brave move, no doubt. This Tuesday, in the land of the Afghan Taliban, a few good men decided to take a...