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Pakistan on right track, more tough days ahead, says Miftah Ismail

He said the government was facing a very difficult task of ending oil and power subsidies as the country needed the financial support of the International Monetary Fund

KARACHI/ISLAMABAD: Finance Minister Miftah Ismail said Pakistan was heading in the right direction.

He, however, said that more tough days are expected ahead. Finance Minister stated this while addressing the members of Pakistan Stock Exchange (PSX) in Karachi on Friday.

Finance minister said: “We are on the right track, and if we control imports for three months, and enhance exports through various means the situation will get better.”

He said the government was facing a very difficult task of ending oil and power subsidies as the country needed the financial support of the International Monetary Fund (IMF).

Finance Minister said the government has reduced subsidies to meet the demands of global financial institutions but annoyed the people.

Following the staff-level agreement and the tough decisions, IMF’s Resident Representative for Pakistan said Pakistan has completed the last precondition by enhancing the PDL.

Javed Mahmood
Written By

I am an experienced writer, analyst, and author. My exposure in English journalism spans more than 28 years. In the past, I have been working with daily The Muslim (Lahore Bureau), daily Business Recorder (Lahore/Islamabad Bureaus), Daily Times, Islamabad, daily The Nation (Lahore and Karachi). With daily The Nation, I have served as Resident Editor, Karachi. Since 2009, I have been working as a Freelance Writer/Editor for American organizations.

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