Sunday, 25 August 2019, 01:42:57 am
New IMF programme to go long way in boosting national economy: Finance Advisor
May 16, 2019

Advisor to Prime Minister on Finance, Revenue and Economic Affairs Dr Abdul Hafeez Shaikh has said country's economy would be improved after implementation of IMF program. This he said while talking to business community at governor house in Karachi today.

Chairman Federal Board of Revenue Syed Shabbar Zaidi and Governor Sindh Imran Ismail were also present on the occasion.

On this occasion, Chairman FBR said that Amnesty Schemes has fully supported by all business community and they have declared it to be the interest of country’s economy.

Governor Sindh Imran Ismail said that incumbent government wanted to address the problems of trade community and Sind Industrial Liaison Committee has been formed in this regard.

Meanwhile, addressing a press conference,the Advisor to Prime Minister on Finance Abdul Hafeez Sheikh said the government is taking several measures to improve economic conditions and current agreement with IMF is also one of those measures.

The Advisor said through this agreement Pakistan will get six billion dollars on low interest rate from IMF while we would also get two to three billion dollars from World Bank and Asian Development Bank.

He said these and other measures will help increase tax revenue while finance and monitoring departments will also see some improvement.

The Finance Advisor informed that the government would allocate around 800 billion rupees for the development programs in the next budget while allocation for social security program will be increased to 180 billion rupees which is 100 billion rupees at the moment.