Miftah leaves for US to meet with IMF officials


Finance Minister Miftah Ismail left for Washington on Thursday to meet with International Monetary Fund officials to resume the delayed $6 billion programme.

“I am off to Washington DC to try and put back on track our IMF program that PTI and IK derailed, that endangering our economy,” the minister said on Twitter.

He further went on to say that he was removed from the Exit Control List after three years and would also travel to London to meet PML-N Supremo Nawaz Sharif.

The ECL committee removed Miftah Ismail’s name from the no-fly list for five days for one time so that he could travel to the US for negotiations.

In a press conference a day earlier, Miftah said the government is making all-out efforts to restore the Extended Fund Facility (EFF) programme with International Monetary Fund (IMF).

He said the government would do whatever was necessary to restore the programme.

Miftah said the government could reduce public sector development spending with other necessary budgetary discipline arrangements.

“We will restore the programme. If government had to tighten its belt, it will do so,” he said adding that no extra burden would be put on people.

He said the government would give a people-friendly and development-friendly budget despite all odds created by the PTI government. He expressed the hope that value of rupee would not slide further while the markets would also perform well.

He said the Pakistan Muslim League-N had left growth rate at 6.1 percent which was reduced to 1.9 percent in first year of PTI government, negative one percent the following year and now this year the projection is 4 percent.

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