ISLAMABAD: According to The News, Finance Minister Muhammad Aurangzeb stated that the government will work with the International Monetary Fund (IMF) on a “large and long programme” under the Extended Fund Facility (EFF).
In his first media briefing since taking office, the newly appointed minister outlined his economic stabilisation strategy.
The minister recognized that price increases were the most significant issue affecting the common man, but emphasized that macroeconomic stability will help reduce them gradually.
He described it as a positive development that CPI-based inflation has begun to decline.
Aurangzeb also hinted at lowering the policy rate, but emphasized that the Monetary Policy Committee (MPC) is the responsibility of the State Bank of Pakistan (SBP), which now has autonomy.
In the post-EFF deal with the IMF, he stated that Pakistan will attract foreign investment through commercial finance and the issuance of international bonds.
“The Special Investment Facilitation is an important platform to bring equity and investment from abroad,” the minister was quoted as saying.
