Pakistan and the International Monetary Fund (IMF) move closer toward securing a staff-level agreement that aims to make Pakistan’s economy more solid. Finance Minister Muhammad Aurangzeb heads Pakistan’s delegation and sets out plans for taming inflation, stimulating exports, and broadening the tax base.
The IMF examines Pakistan’s proposals and underlines the need for fiscal prudence, restructuring the energy sector, and other steps to support economic stability. At the same time, Pakistan concentrates on lowering the circular debt in its electricity industry as well as raising revenues, which is this view claims an agreement reached with the IMF.
