Finance Minister Ishaq Dar left for America today (Tuesday) to attend the annual meetings of World Bank and International Monetary Fund (IMF).
According to the finance ministry, Dar took off from a commercial airline flight. Governor State Bank, Finance Secretary and other ministers were also present with him.
The Finance Minister will hold meetings with IMF and World Bank officials to discuss the economic situation and the loan program.
During his visit, Dar is also expected to meet officials of the international rating agency Moody’s.
Earlier, the IMF had issued a country report for Pakistan highlighting the misguided policies adopted by the PTI government, which, the fund said, had eroded the country’s foreign exchange reserves. abolished and led to the depreciation of the rupee. The report also mentions what the current government led by Muslim League (N) has promised to the international lending institution.
The report did not name any political party, but cited gross domestic growth (GDP) which the PTI said was the result of its policies. Pakistan recorded 6 percent GDP growth in the fiscal year 2021-22 (FY22) – less than three months after Imran Khan was ousted by parliament in early April.
Experts have already said that the increase in GDP was due to unsustainable growth which led to economic overheating.
