Ahmed Mukhtar Naqshbandi
ISLAMABAD: Kristalina Georgieva, Managing Director International Monetary Fund (IMF) said on Wednesday that Pakistan had to do more to ensure that the foundation for stable growth is in place, taxes are properly collected and are fairly distributed, and those who have more, pay more.
Her statement comes at a time when Pakistan is engaged in difficult talks for a bailout with the global lender to stave off default.
Pakistan, which is in serious need of funds as it has been grappling with a wrenching economic crisis, has received economic assistance from IMF in the past and is currently in discussions with the financial body to resume its loan program.
Economic teams from both sides will hold a virtual discussion today 6:00 pm (22 February).
IMF’s loan tranche
An accord on the 9th review of the program would release over $1.1 billion. The resumption of the IMF program would also unlock other avenues of funding for the country.
Georgieva said that the IMF has made good progress in its discussions with Pakistan.
