A Pakistani delegation comprising Secretary Finance Imdad Ullah Bosal and Governor State Bank of Pakistan Jameel Ahmed met with the Deputy Managing Director of the International Monetary Fund (IMF) Kenji Okamura in Washington DC.

The Pakistan delegation highlighted measures to expand fiscal space by broadening the tax base, aligning the provincial Agriculture Income Tax regime with the federal income tax regime, rationalizing subsidies, rightsizing the government, and reducing energy sector costs, according to a Radio Pakistan’s report.

The discussions also covered stimulating private sector development, building climate resilience through Resilience and Sustainability financing and pursuing prudent monetary and external sector policies.

Meanwhile, the Pakistan’s delegation also held a meeting with the Director Middle East and Central Asia Department (MCD) Jihad Azour, at the International Monetary Fund (IMF) in Washington on Tuesday.

The delegation thanked the IMF for its continued support to Pakistan especially for the recently approved seven billion dollars Extended Fund Facility.

The Pakistani delegation outlined the Government’s efforts towards fiscal consolidation, revenue expansion, energy and State Owned Enterprise (SOE) reforms, aimed at transitioning Pakistan from stabilization to growth.

Congratulating Pakistan on the successful start of the Fund programme, Jihad Azour emphasized the importance of staying the course on reforms.