Economic, financial position continues to improve, claims finance ministry
economy stock market growth of finacial recovery
The ministry of finance has noted that Pakistan’s economic and financial position continues to improve with each passing month of the current fiscal year, attributing it to prudent policy management and the resumption of inflows from multilateral and bilateral partners.
Pakistan has reached a Staff-Level Agreement in its final review successfully concluding the IMF’s Stand-By Arrangement (SBA) program and securing a disbursement of $1.1 billion. The ongoing efforts in policy and reform are easing out pressures on the gross financing needs, which has been intensified by increased external and domestic financing demands and an uncertain external environment, the ministry noted in its recent report. These positive developments have led to a sustained economic recovery and an uplift in the country’s overall economic confidence.
