The IMF team visits Parliament, informs parliamentarians about the economy

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ISLAMABAD: The Intentional Monetary Fund (IMF) delegation visited the House of Parliament on Wednesday and informed the members of the standing committees of the Senate and the National Assembly about finance and income about the performance of the economy in the second quarter of the year, reported ARY News.

After the conclusion of the meeting on camera, Senator Sherry Rehman, speaking with the media, said that the economic situation is serious, that the current account deficit and economic crises must be adequately addressed.

Five Sustainable Development Goals (SDGs) were discussed with the IMF team during the briefing, said the PPP senator.

The problems of the poor masses of Pakistan are not yet on the agenda, he said.

The goal of the IMF is to reduce the current account deficit and economic crises, “while our business is to fight against the case of the oppressed,” said Senator Rehman.

“It was a very important meeting, but the Finance Advisor and the Secretary of Finance were absent from the meeting,” the opposition senator lamented.

He also urged the government to present suggestions to guide people out of rising esteem and inflation. “The opposition is ready to walk with the government in search of solving people’s problems,” he said.

“The IMF has urged to open the economy and take measures to increase exports,” said the Chariman Standing Committee on Finance, Income and Economic Affairs, Faiz Ullah Kamoka.

The IMF delegation also called for more free trade agreements with other countries and encouraged small and new exporters in the field. The delegation also urged the need to improve the business environment, said the chairman of the finance committee.

Kamoka also said it seems difficult to achieve fiscal goals.

The next tranche of the IMF rescue is expected to be received shortly after the end of the talks, he said.

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