IMF appreciates Pakistans steps for fiscal manag

ISLAMABAD: International Monetary Fund (IMF) has appreciated the steps being taken by the government of Pakistan for improving the fiscal condition of the country.According to international media, the IMF spokesman welcomed the measures adopted by Pakistan government for improving the country’s financial condition and reducing the domestic borrowings.He noted that steps were also being taken to curtail the budget deficit through fiscal management by ensuring better coordination between the federation and the provinces.The spokesman further also observed that Pakistan’s foreign debt servicing has also improved while the rise in foreign exchange reserves will help bring economic stability.”’