Dar will lead Pakistan delegation at IMF-WB Meetings next month

ISLAMABAD: Finance Minister Mohammad Ishaq Dar will lead the Pakistan delegation at the Annual Meetings of the World Bank and International Monetary Fund in Washington DC from 7th to 9th of next month.


Finance Minister in a statement said Pakistan has achieved macroeconomic stability in the last three years through reducing energy shortages, higher revenue collection, wider tax base, significant reduction in fiscal deficit and infrastructure development.

He said the government is now focused on consolidating the gains and achieving higher, inclusive and sustainable growth.

He said GDP has been over 4 percent for three years in a row and reached 4.71 percent in financial year 2016, the highest in last eight years. He said the forex reserves of the country have improved equal to over 5 months of imports.

Ishaq Dar said despite tight fiscal discipline, government has expanded the social safety net expenditure from 400 million dollars in financial year 2013 to 1.15 billion dollars in financial year 2017.