Islamabad, Sep 15: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb announced on Saturday that Pakistan to Secure IMF Loan on September 25th
Speaking at the CFA Society of Pakistan’s 21st Annual Excellence Awards, he said he hoped this would be the last IMF program for the nation but cautioned that if reforms weren’t maintained, there might be a 25th program.
The minister emphasized the need of macroeconomic stability, pointing out that Pakistan has tried a number of different economic models in the past, but none of them have produced the intended outcomes. Additionally, he emphasized the significance of eschewing these models, stating, “There is no automatic s
Regarding pensions, Aurangzeb declared that all newly hired federal employees would have to make contributions to a defined-contribution pension plan. He emphasized that Pakistan’s economy must move from an import-driven to an export-driven strategy.
The practice of import substitution is over. We won’t be offering any more credits or subsidies. He emphasized that everyone must contribute to exporting.
