Pakistan shows positive economic indicators: Aurangzeb

Finance minister briefs officials in Washington about reforms program in key sectors.

WASHINGTON: Pakistan has shown positive and attractive economic indicators with its stock market rising foreign buyers taking mire interest following the recent standby arrangement (SBA) signed with IMF.

This was stated by Finance Minister Aurangzeb Khan during his meeting with Citibank officials in Washington. He said Pakistan had introduced wide ranging reforms in different sectors and was privatizing loss making entities such as the PIA.

The minister further said that his country paid back the Euro Bond on time. Moreover, Islamabad had initiated discussion with IMF on a larger and extended programme. 

Minister Aurangzeb Khan also told the officials that improvement had been made in priority areas of taxation, energy sector and reforms were being introduced in state owned enterprises.

Meanwhile, it has been learnt that some friendly countries have advised Pakistan to go for a short-term arrangement with the IMF instead of a long one. They also asked Pakistani officials to work for digitizing the taxation system.

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