Pakistan achieved all targets fixed for last quarter: Dar

DUBAI: Pakistan and IMF have completed negotiations on the Eighth Review under the 3-year Extended Fund Facility programme.


After the talks, Finance Minister Ishaq Dar told newsmen in Dubai on Friday that the next tranche under the package would be released after approval of the IMF Board.

He said Pakistan has achieved all the targets fixed for the last quarter.

The Minister said the rate of inflation was 1.8% last month as compared to 7.9% in July last year.

He said the Overseas Pakistanis sent record remittances last year and the foreign exchange reserves have also reached all-time high point.

The Minister expressed the confidence that projects under the China-Pakistan Economic Corridor would help stimulate economic growth.