Govt working on 174 IMF-sought tweaks, NA panel told
• Proposed changes to be placed before parliament for approval • IMF mission to begin its review on 28th; Kristalina praises Pakistan’s performance in meeting with PM Shehbaz • Sovereign Wealth Fund, remittances, sugar policy among areas under discussion ISLAMABAD: The government on Thursday said the International Monetary Fund (IMF) was seeking about 174 amendments to various laws to improve…
The Pakistani government is currently working on 174 amendments sought by the International Monetary Fund (IMF) to enhance financial sector governance, according to Finance Secretary Imdadullah Bosal. These changes will be presented to parliament for approval as part of ongoing $8.4 billion programs. IMF Managing Director Kristalina Georgieva commended Pakistan's economic stabilization efforts during a recent meeting with Prime Minister Shehbaz Sharif, noting that these gains were yielding tangible results.
The government also discussed vital issues such as the Sovereign Wealth Fund's governance standards, remittances, and the sugar policy, all of which are under scrutiny by the IMF during its review process. The committee emphasized the need for reforms to promote investment, exports, employment, and sustainable economic growth, expressing concern over the implementation timelines and effectiveness of various initiatives.
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