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IMF team set to visit Pakistan in November for next review

Zain Aijaz by Zain Aijaz
October 14, 2022
in Business, Featured, Latest News, National, News, Politics, Top News, World
Reading Time: 1 min read
EFF programme approved by IMF during sixth review

WASHINGTON: While talking to the media on Thursday, Jihad Azour, Director of International Monetary Funds (IMF) for the Middle East and Central Asia, said that a team from IMF would visit Pakistan in November for the current programme’s next review.

He pointed out that Pakistan had gained support from the fund, and IMF had provided flexibility during the Covid-19 crisis. Azour highlighted that they were waiting for the report of the World Bank and UNDP to foresee the effects of floods in Pakistan on the economy and finance of the public.

Regarding the subsidies, Azour said that Pakistan should not provide untargeted subsidies. He said that subsidies provided to support certain items had proved to be counterproductive. The IMF correspondent urged Pakistan to dedicate resources to those in need.

Zain Aijaz

Zain Aijaz

Zain is a media student and a writer by passion. He is a certified creative writer from Wesleyan University and enthusiastically writes on non-fiction and political satire. He is vastly experienced in the field of theatre and has served as a theatre mentor across different institutions. Currently, he is a contributor at The Upcut and can be reached at zainaijazdehlvi@gmail.com

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