US lauds Pakistan's economic progress in last three years

WASHINGTON (APP) - The United States appreciates performance of Pakistan's economy during the last three years.

Deputy Assistant Secretary of US Treasury Department Michael Kaplan said this during a delegation level talks with Pakistani officials led by Finance Secretary Dr. Waqar Masood in Washington.

The US official commended the structural reforms carried out by the government and hoped the government will continue to exercise fiscal discipline after the completion of the IMF program.

The Finance Secretary briefed US side about the 10th review of IMF program, which was cleared by IMF Board without a waiver.

He gave an overview of macroeconomic indicators with special mention of the improved revenue collection, which has helped in bringing fiscal deficit down to 4.3% from 8.2% in 2013.