Esther Perez Ruiz sees it as a strategic reform step
ISLAMABAD: The International Monetary Fund (IMF) has instructed Pakistan to place all state institutions under the oversight of the Pakistan Finance Ministry.
This directive is part of a broader strategy to enhance governance and promote private-sector reforms in the country.
The IMF believes these measures are crucial for Pakistan to effectively attract foreign investments and foster economic growth and stability.
Esther Perez Ruiz, the IMF’s Resident Representative for Pakistan, emphasized the significance of governance and private sector reforms as prerequisites for foreign investment.
Moreover, placing state institutions under the supervision of the Finance Ministry is a strategic step in this reform process.
A $3 billion Standby Arrangement Program guides Pakistan’s ongoing engagement with the IMF. This program will conclude in early 2024.
However, the status and eventual implementation of this program remain subject to further developments and evaluations.
As Pakistan navigates these reforms, the nation’s economic landscape stands poised for a potential transformation.
PTI Chairman Imran Khan Challenges In The LHC Cancellation Of His Bail In Seven Cases Including Attack On Corps Commander House In Lahore
Meawhile, through his lawyer Barrister Salman Safdar, the PTI chairman contested the annulment of his interim bails.
The Lahore High Court’s two-member bench is set to review the petitions of the PTI chairman today.
According to the petition, PTI chairman is facing victimization and that the cases against him are politically motivated. The case of attack on the Corpse Commander House is also among them.
