IMF's Approval to Enhance Economic Stability in Punjab Azma Bokhari
Punjab earns IMF approval for its financial progress, with a Rs 40 billion surplus in Q1 and a projected Rs 630 billion by year-end. A positive stride for Pakistan’s economic stability.
The International Monetary Fund (IMF) has expressed approval of Punjab's financial performance, marking a positive step in the province's economic journey. Provincial Information Minister Azma Bokhari confirmed that Punjab is on track to achieve its committed surplus of Rs 630 billion by the end of the current financial year.
In a statement released on Sunday, Bokhari highlighted that the IMF acknowledged Punjab's cash surplus of approximately Rs 40 billion at the close of the first fiscal quarter. This recognition prompted the Ministry of Finance to revise its data, reflecting Punjab's financial achievements accurately.
Addressing rumors, Bokhari clarified that the alleged investment in a UAE-based fund was not part of discussions during the IMF's meeting with provincial officials. This clarification aims to dispel concerns surrounding Punjab’s financial management.
The IMF's endorsement underscores Punjab's dedication to economic reforms. As part of Pakistan's Extended Fund Facility (EFF), the province's progress plays a vital role in reducing vulnerabilities and fostering sustainable growth, contributing significantly to national economic stability.
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