Dar departs for US to attend IMF, WB annual meetings

Tue Oct 11 2022
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Finance Minister Ishaq Dar left for the US on Tuesday to attend the annual meetings of the World Bank (WB) and the International Monetary Fund (IMF).

The governor of the State Bank, secretary finance, and other ministers accompanied him. The finance minister will meet the IMF and World Bank representatives to discuss the state of the economy and the loan programme. During his visit, Dar is also expected to meet with representatives of the global rating organization Moody’s.

Earlier, the IMF published its country report for Pakistan, exposing the PTI government’s poor policies that, according to the Fund, depleted the nation’s foreign exchange reserves and caused the rupee to weaken. The report also makes public the promises made by the current PML-N government to the international loan organization.

The report doesn’t specifically mention any political party, but it makes reference to higher GDP, which the PTI claims were a result of its policies. In the fiscal year that ended less than three months after Imran Khan was expelled by the house in early April, Pakistan registered a GDP of 6%.

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