Islamabad: Federal Minister for Finance & Revenue Miftah Ismail briefed global bond investors on the discussions with International Monetary Fund (IMF), according to media reports published on April 26.
A meeting was organised by JP Morgan in London with the investors, which was attended by over 30 global investors in global debt markets representing hedge funds, asset managers, and sovereign wealth funds from Europe, Asia, the Middle East, and North America. State Bank Governor Reza Baqir and Pakistan’s High Commissioner to the United Kingdom (UK) Moazzam Ahmad were also present for the meeting.
During the meeting, the finance minister informed the investors about the discussions with IMF. The meeting also discussed the efforts being made to complete the 7th review under the Extended Fund Facility (EFF) program. Moreover, Finance Minister Miftah emphasised the need for a responsible and prudent fiscal policy. He notified the investors that the government wants to extend the duration of the programme till June 2023 as a sign of Pakistan’s commitment to reform. Reportedly, the investors lauded the efforts of the government to attain fiscal sustainability and showed interest in investing in Pakistan.
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