Pakistan, IMF to reach staff level agreement within a few days: Bilal



Prime Minister’s Coordinator on Economy and Energy Bilal AzharKayani says staff level agreement with the IMF will pave the way for financial inflows from other multilateral institutions as well.

In a Radio program, he said the staff level agreement with the IMF is expected to be reached within a few days.

As part of the short-term measures for addressing the prevailing economic challenges, Bilal AzharKayani said the government is fully determined to complete the IMF programme and enhance exports as well as foreign exchange reserves to a comfortable level of 18 billion dollars.

He said reducing burden on people is another important priority. Despite financial constraints, he said, the government increased allocation of funds for Benazir Income Support Programme.

A mega Ramazan Package has also been announced for the downtrodden segments of the society. In addition, he said, the flood-affected people will also be given special attention under the short-term strategy. He expressed confidence that short-term targets will be achieved before the next general elections.

Answering a question regarding tax and revenue collection, the Coordinator said the government is striving to achieve the revenue targets.

Coming to a medium-term strategy, Bilal AzharKayani emphasized on enhancing Foreign Direct Investment and exports. He also underlined the need for value addition and diversification of exports with a special focus on facilitation of the youth in the start-ups and increase in agricultural produce.