Finance Minister Muhammad Aurangzeb said on Sunday that the International Monetary Fund (IMF) cannot impose any conditions on Pakistan that run contrary to the national interest.
Speaking to journalists in Washington, he said that a disbursement of $1.2 billion is expected by December. He added that the IMF Executive Board is expected to approve the agreement soon.
The finance czar stated that the economic reforms had been undertaken in accordance with Pakistan’s own priorities. He also mentioned that a trade and tariff agreement with the United States is likely to be concluded within one to two weeks.
A decision regarding the privatisation of the Roosevelt Hotel is also expected shortly.
Earlier, FinMin Aurangzeb has attended the 15th V20 Ministerial Meeting in the United States, where he underscored the escalating impact of floods in Pakistan and called for the immediate activation of the Loss and
Also Read: Minister urges for immediate operationalisation of Loss and Damage Fund
He also met with International Finance Corporation (IFC) Managing Director Makhtar Diop, discussing Pakistan’s economic progress and investment opportunities.
Focus on climate resilience and economic sustainability
Addressing the V20 session, the finance minister emphasized the increasing intensity and continuity of floods in Pakistan, describing them as a serious threat to the country’s socio-economic stability. He expressed gratitude to international partners for their cooperation in preparing Pakistan’s Climate Prosperity Plan, which aims to build resilience against climate-related disasters.
