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Finance Minister Ishaq Dar met with Andrew Schofer, Charge’d Affaires of the US Embassy, on Wednesday to discuss Pakistan’s economic position and the status of the continuing International Monetary Fund (IMF) program.
As per a statement released by the Finance Division, Dar assured the US envoy that the government remains committed to completing the IMF program.
During the meeting on Wednesday, the finance minister apprised the US envoy of Pakistan’s economy and discussed the current challenges being faced by the country, read the statement.
“He further communicated about the difficult policy decisions recently being taken by the government with the aim of stabilising the economy and then taking the economy on an upward curve ensuring sustainable and inclusive growth,” it added.
The US diplomat voiced his confidence in the policies and programs of government for economic stability of the country and extended support to advance the existing economic and trade relations between both the countries, read the statement.
The bailout is essential for the South Asian economy, which has been plagued by problems including a projected default risk and a downgrading by global rating agencies reflecting the health of the economy, which has also had to deal with significant political unrest and numerous changes in key leadership.