Washington: Secretary Antony Blinken tweeted that United States of America stood by Pakistani people during these hard times and welcome International Monetary Fund’s approval of program to support Pakistan.

Antony Blinken urged Pakistan to continue working with IMF toward macroeconomic reforms and sustainable economic recovery. Earlier Prime Minister Shehbaz Sharif said that approval of Stand-by Agreement of $ 3 billion by the IMF’s Executive Board little while ago is major step forward in government’s efforts to stabilise economy and achieve macroeconomic stability. He said that it bolsters Pakistan’s economic position to overcome immediate to medium-term economic challenges, giving next government the fiscal space to chart the way forward.

Premier said this milestone, which was achieved against heaviest of odds and against seemingly impossible deadline, could not have been possible without excellent team effort.

“I would commend Finance Minister Ishaq Dar and his team at Ministry of Finance for their hard work. My special thanks are also due to Kristalina Georgieva, MD of IMF and her team for their support and cooperation,” he added.

Published in The Daily National Courier, July, 14 2023

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