Tuesday, July 2, 2024 03:54 PM
The IMF advises Pakistan to maintain policy and reform efforts for a strong economic recovery, emphasizing fiscal discipline and structural reforms for stability and prosperity.
Pakistan has been advised by the International Monetary Fund (IMF) to maintain its current policy and reform efforts to transition from stabilization to a strong and sustainable recovery. The IMF stressed the importance of strict adherence to fiscal targets as a crucial step in this process.
Furthermore, the IMF highlighted the necessity of implementing a market-determined exchange rate to better absorb external shocks. Additionally, the organization recommended the expansion of structural reforms to bolster more robust and inclusive economic growth in Pakistan.
These recommendations come at a critical time for Pakistan as it strives to navigate economic challenges and pave the way for a more resilient financial future. By following the IMF's guidance and staying committed to fiscal discipline and structural reforms, Pakistan can position itself for a more stable and prosperous economic outlook.