ejaz007
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Pakistans progress on track: Waqar
ISLAMABAD: Secretary Finance, Dr Waqar Masood Khan said on Thursday that International Monetary Fund (IMF) review meeting in Dubai has consented that Pakistans progress on funds programme is on track.
The IMF has expressed its satisfaction over the progress of Pakistans economic performance in first quarter of the year and also agreed the projected economic targets in the next six months of the current financial year and consented that the progress of Pakistans IMF programme is on track, Dr Waqar Masood Khan told APP on phone from Dubai here this morning. Waqar Masood Khan, who is currently leading Pakistan in the IMF review meeting in Dubai, expressed the hope that Pakistan would get second tranche of $800 million by the end of March due to the countrys progress on economic front.
According to a statement issued by the IMF Staff Mission on Pakistan said that an International Monetary Fund (IMF) staff mission, led by Adnan Mazarei, visited Islamabad and Dubai over the past 12 days to conduct the 2009 Article IV consultation and the first review under Pakistans Stand-By Arrangement (SBA). The SDR 5.169 billion (about $7.6 billion) SBA was approved by the Executive Board of the IMF on November 24, 2008 and a first disbursement of SDR 2.067 billion (about $3.1 billion) was made on November 26, 2008. staff report
Daily Times - Leading News Resource of Pakistan
ISLAMABAD: Secretary Finance, Dr Waqar Masood Khan said on Thursday that International Monetary Fund (IMF) review meeting in Dubai has consented that Pakistans progress on funds programme is on track.
The IMF has expressed its satisfaction over the progress of Pakistans economic performance in first quarter of the year and also agreed the projected economic targets in the next six months of the current financial year and consented that the progress of Pakistans IMF programme is on track, Dr Waqar Masood Khan told APP on phone from Dubai here this morning. Waqar Masood Khan, who is currently leading Pakistan in the IMF review meeting in Dubai, expressed the hope that Pakistan would get second tranche of $800 million by the end of March due to the countrys progress on economic front.
According to a statement issued by the IMF Staff Mission on Pakistan said that an International Monetary Fund (IMF) staff mission, led by Adnan Mazarei, visited Islamabad and Dubai over the past 12 days to conduct the 2009 Article IV consultation and the first review under Pakistans Stand-By Arrangement (SBA). The SDR 5.169 billion (about $7.6 billion) SBA was approved by the Executive Board of the IMF on November 24, 2008 and a first disbursement of SDR 2.067 billion (about $3.1 billion) was made on November 26, 2008. staff report
Daily Times - Leading News Resource of Pakistan