Islamabad, September 29, 2022 (PPI-OT):Federal Minister for Finance and Revenue Senator Muhammad Ishaq Dar held a virtual meeting with IMF Mission Chief Mr. Nathan Porter, today. The Finance Minister briefed on the economic situation caused by the devastating floods in the country affected infrastructure, crops and the livelihood of the people. The Finance Minister stated that the government would take measures to reduce the burden on the economy while protecting the vulnerable sections of the population.

The Minister further said that the government aims to address structural issues so that Pakistan is able to end its fiscal deficit and move towards sustainable growth. The Finance Minister recalled the meeting of Prime Minister Muhammad Shehbaz Sharif with MD IMF during his visit to the US in which MD IMF has vowed to support Pakistan in this difficult situation caused by the flash floods and reconsider the program conditions.

The Finance Minister further reaffirmed the government’s commitment to undertake the reforms envisaged under the program. IMF Mission Chief, Mr. Nathan Porter extended felicitations to the Finance Minister on assuming the Finance Ministry and shared IMF’s assessment of the challenges facing the economy. He also expressed IMF’s support for Pakistan in this hour of need and in this context mentioned the meeting of the MD IMF with the Prime Minister of Pakistan.

The IMF Mission Chief also discussed the support of international lenders for the country to mitigate the effects of flash floods. The Finance Minister thanked the IMF Mission Chief for IMF’s support at a difficult time for global economy

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