Pakistan Committed to Boosting Production and Exports, Says Finance Minister
Islamabad: Finance Minister Mohammad Aurangzeb has expressed the government’s strong commitment to steering Pakistan towards a path of production and export growth. In an exclusive conversation with Geo News following the agreement with the International Monetary Fund (IMF), he stated that Pakistan is determined to implement reforms in tax, energy, and public sector institutions.
He emphasized that the country is focused on improving its production and export sectors to enhance economic growth.
It is noteworthy that after successful negotiations, Pakistan and the IMF have reached a staff-level agreement. With approval from the IMF’s Executive Board, Pakistan will receive one billion dollars under the Extended Fund Facility (EFF). Additionally, Pakistan will be provided with 1.3 billion dollars under a 28-month arrangement to tackle climate change and natural disasters. The total loan under this program will amount to 2 billion dollars, and the extended fund facility arrangement will last for 37 months.
The Finance Minister’s remarks highlight the government’s ongoing efforts to implement critical reforms and stabilize the economy while boosting exports.
