The Pakistani Foreign Minister Ishaq Dar said Pakistan is following IMF’s road map and is in line with the instructions and plans to carry out reforms in the economy. The minister in a meeting with German Ambassador, also said that PML-N Government will implement most of the reforms agreed with IMF for the revival of economy.
The mister also gave an overview of the measures taken by the Government. He had also mentioned Government’s achievement of clearing circular debts of Rs 480 million in 45 days pertaining to IPPs, due to which 1700 MW additional electricity is being added to the national grid. Mr. Dar also said that they presented a budget which included taxation measures agreed with the IMF by caretaker government and also requested IMF to help in repaying loans obtained by previous governments.
The Foreign minister said that their government have approached IMF in national interest, although they could also opt to engage Paris club. A target of around PKR 2,475 bn is set for tax collection authority to increase revenue collection. We have also achieved our target set for November and recorded a 17 growth in first quarter of current financial year. Government of Pakistan has also taken steps for re-organizing FBP, stopping leakages and appointments on merit.
The foreign minister also told German ambassador that Government has identified 31 public enterprises planned to be handed over to strategic partners having 26% shares and management. PML- N Government is also exploring and devising production policy to attract investors and help Pakistan to utilize its natural resources. German investors are also welcome to invest in Pakistan and achieve mutual benefits.
The German ambassador also informed the finance minister; about the keen interest and positive views of German business community in economic policies and measures being taken by Government of Pakistan.