pakistans economy improving imf

The International Monetary Fund (IMF) has cited Pakistan’s prudent monetary and fiscal policies along with other measures as reasons for an improvement in the country’s economy, reported The Wall Street Journal. Director IMF Middle East and Central Asia Department, Masood Ahmed following his visit to Pakistan said: ‘The authorities have made progress with consolidating macroeconomic stability, strengthening public finances and rebuilding foreign-exchange buffers.’ The director also called on the Pakistani government to broaden the tax base which would increase revenue and reduce debt.