IMF to review Pakistan economy

October 17th, 2011 - 11:59 am ICT by IANS  

Islamabad, Oct 17 (IANS) A delegation of the International Monetary Fund (IMF) will visit Pakistan to review the country’s financial condition, an official said.

The delegation will arrive here Nov 12, and will study the macro-economics, fiscal problems and availability of funds, Finance Secretary Waqar Masood said.

IMF has been asking Pakistan to carry out financial reforms, including implementation of the Reformed General Sales Tax (RGST).

It stopped two loan installments to Pakistan this year for not implementing it, the Online news agency reported Sunday.

The IMF has a mandate to monitor economic, financial and exchange rate policies of its member states to ensure the effective operation of the international monetary system.

Its appraisal of such policies involves a comprehensive analysis of the general economic situation and policy strategy of each member country.

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