Caretaker Finance Minister Dr Shamshad Akhtar has announced that the caretaker government has introduced reforms to improve the country’s economy. These actions are not only aimed at an upcoming review by the International Monetary Fund (IMF), but also to benefit the nation in the long run. The implementation of the IMF program has been going well in the first quarter of the fiscal year. The IMF team is set to arrive in Pakistan on November 2 for an official review of the $3 billion Standby Arrangement. The finance minister, along with other high-ranking tax officials, met with representatives from the Korangi Association of Trade and Industry. The government has taken additional steps that will benefit the nation and help secure funds from other multilateral institutions. The government has also been working to implement reforms recommended by the IMF and World Bank, and an economic revival program has been finalized. The finance minister outlined key components of the strategic plan, including national credit schemes for small and medium enterprises and the establishment of an export-import bank. The finance minister expressed confidence in the rapid improvement of the country’s economic situation and praised law enforcement agencies for their efforts to combat illegal currency activities. Regarding inflation, she stated that it was on a downward trajectory but could resurface due to external factors. The finance minister will also be attending a regional gathering in Bangkok to discuss the impact of investment in Sustainable Development Goals (SDGs) on public debt sustainability.
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