IMF mission hold talks on fiscal matters with federal and provincial representatives

A statement issued by the Ministry of Finance said that the IMF mission to Pakistan led by Ernesto Ramirez Rigo was heartened by the “shared thinking at the federal and provincial levels” as views were exchanged on Saturday between the mission and senior government officials on the existing fiscal situation of the country, a statement issued by the Ministry of Finance said.

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Adviser to the Prime Minister on Finance, Revenue & Economic Affairs Dr Abdul Hafeez Shaikh, Sindh Chief Minister Murad Ali Shah, and the finance ministers of Punjab, Khyber Pakhtunkhwa, and Balochistan participated in the discussions with the IMF team in Islamabad within the context of the Fund bailout programme currently under negotiations.

“The mission was apprised that the federal and provincial governments were constantly engaged on fiscal matters and the National Finance Commission (NFC) and the Fiscal Coordination Committee (FCC) forums were being used for ensuring maximum cooperation and coordination among the federal and provincial fiscal authorities,” read the finance ministry statement.

According to the statement, the provincial finance ministers also apprised the mission of the various initiatives taken in their respective jurisdictions to mobilise resources at the sub-national level in order to meet the increasing developmental and social spending needs.

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