IMF calls for more budgetary steps to meet key objectives

ISLAMABAD: Bringing Pakistan’s budget for the year 2022-23 in line with the key objectives of its International Monetary Fund program will require additional measures, the lender’s resident representative in Islamabad said.

“Our preliminary estimate is that additional measures will be needed to strengthen the budget and bring it in line with key program objectives,” said Esther Perez Ruiz. Reuters,

Pakistan on Friday unveiled a budget of ₹9.5 trillion for the next fiscal year, aimed at tighter fiscal consolidation, to persuade the IMF to restart much-needed bailout payments.

Published in Dawn, June 14, 2022