Pakistan is close to sign economic assistance package with IMF

PESHAWAR: The Finance Minister Asad Umar said Pakistan is close to signing an agreement of Economic Assistance Package with the International Monetary Fund (IMF).

Asad Umar was addressing a ceremony at Chamber of Commerce and Industry in Peshawar on monday.

The International lender has shown flexibility – Asad Umar Said.

Finance Minister said government will simplify the tax procedure in order to widen the Tax net.

The pilot project to this effect will be introduced for the traders in Islamabad first and later it will replicated in other parts of the country.

Yesterday, Prime Minister Imran Khan had a meeting with Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF) on the sidelines of the World Government Summit in Dubai on Sunday 10th February 2019.

The Prime Minister appreciated IMF’s support to Pakistan and shared his vision for nation-building. He reiterated the government’s commitment for undertaking structural & governance reforms and strengthening social protection in the country.

The IMF Managing Director acknowledged the steps taken so far by the Pakistan Government for stabilizing the economy. She said the IMF will remain engaged in supporting Pakistan in sustaining its economic recovery.