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.