A positive assessment of the nation’s economic situation was given by Finance Minister Muhammad Aurangzeb during a CPEC-related conference.
A nine-month stand-by agreement with the International Monetary Fund was successfully concluded, as confirmed by the Finance Minister.
Speaking to the group, the finance minister discussed the drop in inflation and emphasized that the government is also seeing a fall in the policy rate.
Emphasizing a commitment to economic restraint, he informed the delegates that the Government is not in a desperate situation where it needs to borrow money.
A seven billion dollar initiative is expected to be approved at the next IMF Board Meeting, which he expressed hope for.
The Minister promised to supply a framework of policies that will be helpful from the government.
Phase 2 of the CPEC, he clarified, will concentrate on monetizing the infrastructure that was developed in phase 1.
He emphasized that in order to propel the nation’s economic growth, the private sector must assume the lead.
