IMF Program

KARACHI: Finance Minister Shamshad Akhtar, the Caretaker Minister for Finance, has provided reassurance that Pakistan is effectively adhering to its International Monetary Fund (IMF) program.

Speaking in Karachi, she emphasized the country’s improving economic situation, attributing the progress to prudent economic policies. The finance minister highlighted that the caretaker government is taking rigorous measures to rejuvenate the national economy.

Efforts are underway to bring about positive changes in the industrial sector, a pivotal aspect of Pakistan’s economic growth.

Furthermore, Minister Akhtar pointed out that the government is actively addressing the issue of smuggling. These proactive measures are part of a broader strategy to enhance economic stability and create a favorable environment for growth and development in Pakistan.

The government’s commitment to the IMF program, alongside its economic policies and actions, reflects its dedication to achieving financial stability and prosperity in the nation.

As Pakistan continues to navigate economic challenges, the assurance from the Finance Minister underscores the determination to stay the course and ensure progress in the IMF program.

US And China Pave The Way For Anticipated Biden-Xi Summit

Meanwhile,

The US and China have agreed to work together toward an expected summit between Presidents Joe Biden and Xi Jinping next month, US officials announced on Friday. This decision came after hours of meetings between Chinese Foreign Minister Wang Yi and senior US diplomats in Washington.

In the first visit by a Chinese foreign minister to Washington since 2018, veteran diplomat Wang Yi also met Biden for an hour.

The White House described these talks as a “good opportunity” to maintain open lines of communication between the two geopolitical rivals with deep policy differences.