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IMF Director statement:
International Monetary Fund (IMF) Managing Director (MD) Christine Lagarde in a meeting with Prime Minister Nawaz Sharif in Islamabad on Monday maintained Pakistan is now "certainly out of economic crisis", a PM Office statement said.
In the first such visit by an IMF head in several years, Lagarde lauded the prime minister on successfully completing the IMF programme and achieving macroeconomic stability during a short period of time.
Lagarde's two-day visit comes around two months after the international lender cleared payment to Pakistan of a final $102 million tranche in a $6.4 billion three-year programme.
"It is a fantastic step in your journey that you have achieved a better and solid economic position in a brief period of two years," she said, as quoted by the statement.
Completion of the IMF programme reflects very positively on Pakistan, she said.
Source : http://www.dawn.com/news/1291982
ADB praises Pakistan economy as well:
ISLAMABAD, Oct 26 (APP): Asian Development Bank (ADB), Wednesday said the economy of Pakistan has made encouraging progress during the past three years and continuation of reforms programme would make the country an appropriate destination for investments in future.
“This is my second visit to Pakistan and follow up of 2014 visit to the country and I am encouraged by the progress made by this country,” President ADB, Takehiko Nakao said while addressing a joint press conference with Finance Minister Senator Muhammad Ishaq Dar here after signing $250 million Border Service Management Project agreement.
The ADB President said that many economic indicators have shown progress, enumerating that the growth rate has climbed up while inflation reduced, with fiscal deficit coming down and foreign exchange reserves built up.
He said that there were many encouraging signs supported by the structural reforms, adding the government has focused on reforms agenda to make the country friendly for investment.
Source: http://www.app.com.pk/adb-sees-encouraging-progress-in-pakistans-economy-in-three-years/
What Asad Umar thinks about all these statements:
International Monetary Fund (IMF) Managing Director (MD) Christine Lagarde in a meeting with Prime Minister Nawaz Sharif in Islamabad on Monday maintained Pakistan is now "certainly out of economic crisis", a PM Office statement said.
In the first such visit by an IMF head in several years, Lagarde lauded the prime minister on successfully completing the IMF programme and achieving macroeconomic stability during a short period of time.
Lagarde's two-day visit comes around two months after the international lender cleared payment to Pakistan of a final $102 million tranche in a $6.4 billion three-year programme.
"It is a fantastic step in your journey that you have achieved a better and solid economic position in a brief period of two years," she said, as quoted by the statement.
Completion of the IMF programme reflects very positively on Pakistan, she said.
Source : http://www.dawn.com/news/1291982
ADB praises Pakistan economy as well:
ISLAMABAD, Oct 26 (APP): Asian Development Bank (ADB), Wednesday said the economy of Pakistan has made encouraging progress during the past three years and continuation of reforms programme would make the country an appropriate destination for investments in future.
“This is my second visit to Pakistan and follow up of 2014 visit to the country and I am encouraged by the progress made by this country,” President ADB, Takehiko Nakao said while addressing a joint press conference with Finance Minister Senator Muhammad Ishaq Dar here after signing $250 million Border Service Management Project agreement.
The ADB President said that many economic indicators have shown progress, enumerating that the growth rate has climbed up while inflation reduced, with fiscal deficit coming down and foreign exchange reserves built up.
He said that there were many encouraging signs supported by the structural reforms, adding the government has focused on reforms agenda to make the country friendly for investment.
Source: http://www.app.com.pk/adb-sees-encouraging-progress-in-pakistans-economy-in-three-years/
What Asad Umar thinks about all these statements:
