AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Islamabad, Finance Minister Muhammad Aurangzeb is optimistic about finalizing a new agreement with the International Monetary Fund (IMF) next month, aimed at securing a longer-term loan to stabilize Pakistan’s economy and enable essential structural reforms.
According to Ministry of Information and Broadcasting, in a recent interview with Reuters, Minister Aurangzeb discussed the government’s strategy for achieving sustained macroeconomic stability. He indicated that the anticipated IMF mission to Islamabad in the middle of next month is a critical step towards this goal.
The Finance Minister also revealed plans to seek additional support from the IMF under the Resilience and Sustainability Trust once the initial loan agreement is in place. This move is part of a broader effort to improve Pakistan’s economic conditions and its international financial ratings.
Minister Aurangzeb expressed confidence that these financial strategies and collaborations with international bodies like the IMF would contribute positively to Pakistan’s economic landscape, potentially leading to an upgrade in the country’s sovereign rating in the coming fiscal year.