Finance Minister Miftah Ismail has departed for Washington in the wee hours of Thursday.
The newly appointed Finance Minister of the country will be seeking the revival of the $6 billion International Monetary Fund (IMF) programme signed by the PTI government.
Finance Minister Miftah Ismail’s name has been removed from the no-fly list for five days for one time so that he could travel to the US for negotiations with the IMF.
“I am off to Washington DC to try and put back on track our IMF programme that PTI and [Imran Khan] derailed, this endangering our economy,” Miftah Ismail tweeted.
The finance minister on Wednesday revealed that IMF has put five major demands before the Shehbaz Sharif government for slashing down the primary deficit by Rs1,300 billion through withdrawal of fuel subsidy of Rs150 billion on monthly basis and taking additional taxation measures for reviving the stalled Fund programme.
A day earlier Finance Minister Miftah Ismail in his maiden press conference lambasted the Pakistan Tehreek-e-Insaf (PTI) for derailing the International Monetary Fund (IMF) programme as he expressed the government’s resolve to get the programme back on track to revive the ruined economy.
Addressing a press conference on Wednesday, he said that the growth rate in the Nawaz Sharif era was 6.1 percent and the PTI government had taken it to negative.
Pakistan Tehreek-e-Insaf (PTI) has rejected the formation of an inquiry commission by the federal government…
Did Agha Ali confirm his separation from Hina Altaf by revealing that he is living…
Sahiba has met her biological father for the first time in her life! The emotional…
Bollywood actors Aditi Rao Hydari and Siddharth are engaged! As reported, Aditi Rao Hydari and…
The KSE-100 index hits a new all-time high of 67,142 points on Thursday. The Pakistan…
A magnitude 5,3 earthquake jolted northern areas of Pakistan on Thursday at around 4 pm.…