IMF has a sincere advice for Pakistan government for boosting country’s economy

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IMF has a sincere advice for Pakistan government for boosting country’s economy

ISLAMABAD: The International Monetary Fund (IMF) has a sincere advice for Pakistan government for boosting country’s economy.

has advised Pakistan to make efforts to increase the volume of its exports by inking Free Trade Agreements (FTA) with more countries, said National Assembly Finance Committee Chairman Faizullah Kamoka.

The lawmaker made the statement after the IMF mission visiting Pakistan till Feb 13 briefed the members of the finance committees of both houses of parliament in an in-camera meeting, wherein health, education, water and sanitation and five Sustainable Development Goals (SDGs) were discussed.

Speaking to the media after the in-camera meeting, the NA committee chairman said that the government would not announce the mini-budget and added the talks with the delegation were fruitful.

Farooq H Naik told reporters that the IMF team was briefed by the committee members concerning SDGs.

There are 27 SDGs, including poverty alleviation, education, health, climate change, environment as well as peace and justice. The Fund asked the Pakistan government to do better regarding the SDGs to remain eligible for the Fund’s programme.

The mission also suggested that the government provide incentives to exporters as well as importers, saying that the import tariffs were high, said the lawmaker.

The visiting team was also briefed on imports and exports, sales tax in addition to the value-added tax issues, he added.

Pakistan