ISLAMABAD – Advisor on Finance Hafeez Sheikh said that negotiations with the International Monetary Fund (IMF) are moving ahead in a positive way to reach a program that provides a platform for macro-economic development in the country, the Radio Pakistan reports on Friday.
Addressing an Investment Conference in Islamabad today (Friday), the advisor on finance said that agreement with IMF will send a positive signal to other international financial institutions as well as countries regarding Pakistan’s commitment to fiscal discipline.
Hafeez Sheikh said that the upcoming budget will contain steps to address gaps in current account deficit and fiscal deficit for attaining sustainable economic growth.
He said the government’s measures have resulted in a reduction in imports and increase in exports and remittances.
Hafeez Sheikh said steps have also been taken to decrease expenditures, and coordinated efforts are underway to increase revenue.
