Dar in Dubai for IMF talks

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Pakistan-IMF successfully complete last review :Dar

ISLAMABAD, Aug 2 (APP): Finance Minister Mohammad Ishaq Dar reached Dubai on Tuesday to participate in the ongoing negotiations with International Monetary Fund (IMF) relating to the 12th and last Review under the Fund programme.

The minister met the IMF mission chief and its members
and received briefings from Pakistan team also, a press statement issued by the Finance Ministry here said.

Ishaq Dar expressed satisfaction on the progress of the
negotiations and said he was confident that the last review
would conclude successfully.

He said this would be a historic occasion, as it would be for
the first time that a medium term reforms programme supported by IMF would be concluding successfully at the close of its three-year term.

He said the economy had undergone massive transformation during this period.

The macroeconomic framework, he said, was stable because of rising growth, declining inflation, fiscal consolidation aided by rising tax collections, stable external account and higher reserves.

The minister said the path of growth and stability would remain the hallmark of economic management after the conclusion of the Fund programme as per manifesto of the Pakistan Muslim League-N under the leadership of Prime Minister Nawaz Sharif.