Pakistan finance minister confident about new IMF programme

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Pakistan finance minister confident about new IMF programme

ISLAMABAD - Pakistan's finance minister said on Sunday he was"very confident" his country would secure a new funding programme from the International Monetary Fund after the cash-strapped country's annual fiscal budget passed into law.

Finance Minister Muhammad Aurangzeb said at a press conference that his government would work on securing its next IMF programme to ensure economic stability. Pakistan's parliament on Friday passed the government's tax-heavy finance bill for the coming fiscal year. In April Pakistan completed a short-term $3 billion programme, which helped stave off sovereign default.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.

 

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