DUBAI: Minister for Finance and Economic Affairs Ishaq Dar said on Thursday that successful completion of the last review was an indicative of government’s strong commitment in implementing difficult structural reforms in the areas of taxation, energy, monetary, financial sectors and public sector enterprises.
He stated this while addressing a joint press conference here along with International Monetary Fund (IMF) Mission chief Harald Finger. He said that Pakistan and the IMF had successfully completed negotiations on the final review under the three-year extended fund facility (EFF) programme for an amount of 6.4 billion.
Highlighting the overall programme performance of Pakistan he said, “Our performance throughout the programme culminating in the twelfth review has been satisfactorily high.” We met the end June 2016 Quantitative Performance Criteria on Net International Reserves Foreign currency swap forward position and government borrowing from SBP by significant margins, he added.
The targets on the net domestic assets and budget deficit were missed marginally, he said. He said that the indicative target for end June 2016 on targeted cash transfers through Benazir Income Support Programme (BISP) and on power sector arrears were met.
He informed that Federal Board of Revenue (FBR) not only achieved its annual target of Rs. 3104 billion but exceeded it.
