Business

IMF lauds Pakistan’s economic performance

WASHINGTON: The International Monetary Fund (IMF) has lauded Pakistan’s economic strides in recent months.

In a statement, IMF’s Director for Middle East and Central Asia Masood Ahmed said Pakistan’s economy is improving due to prudent monetary and fiscal policies, strong capital inflows, robust remittances and lower international oil prices.

He said the authorities have made progress with consolidating macroeconomic stability, strengthening public finances, and re-building foreign exchange buffers.

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