PM Shehbaz expresses hope that the funds allocated under IMF’s EFF would be released as soon as possible

PARIS, June 22 (SABAH): On the sidelines of the Summit for a New Global Financial Pact being held in Paris, France, Prime Minister Mian Muhammad Shahbaz Sharif met Ms. Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF). Views were exchanged on the ongoing programmes and cooperation between Pakistan and IMF.

Recalling their recent telephone conversation on 27 May 2023, Prime Minister Shehbaz Sharif apprised Ms. Georgieva of Pakistan’s economic outlook. The Prime Minister outlined the steps taken by the Government for economic growth and stability. He underscored that all prior actions for 9th Review under the Extended Fund Facility (EFF) had been completed and the Government of Pakistan was fully committed to fulfilling its obligations as agreed with the IMF.

The Prime Minister expressed the hope that the funds allocated under the IMF’s EFF would be released as soon as possible. This would help strengthen Pakistan’s ongoing efforts towards economic stabilisation, and bring relief to its people.

The Managing Director of IMF shared her institution’s perspective on the ongoing review process. The meeting provided a useful opportunity to take stock of the progress in that context.

Federal Minister for Climate Change and Environmental Coordination, Ms. Sherry Rehman; Federal Minister for Economic Affairs, Sardar Ayaz Sadiq; Federal Minister for Information and Broadcasting, Ms. Marryam Aurangzeb; Minister of State for Finance and Revenue, Dr. Aisha Ghaus Pasha; Special Assistant to PM, Syed Tariq Fatemi and Pakistan’s Ambassador to France, Asim Iftikhar Ahmad attended the meeting.