Pakistan is looking for the approval of the IMF on an economic growth plan

Pakistan wants to obtain the approval of the International Monetary Fund as it is ready to offer a plan aimed at increasing economic growth after achieving financial stability. Prime Minister Shahbaz Sharif said he had informed the director general of the Fund Crystalina Gorgieva that businesses were suffering from high taxes and energy costs, which needed facilities. And added that Gorgieva’s response was ‘very positive’ because she requested a proposed plan, according to what he said at a cabinet meeting today, Wednesday. Also read: Pakistan is optimistic about the ability to meet the conditions of the IMF. Last month, the Pakistani central bank lowered the basic interest rate to the lowest level in about 3 years, in light of the decline in inflation of its record levels recorded in 2023. Sherif, who returned to the country after his meeting with the director of the International Monetary Fund on the sidelines of the Global Government Summit in the Emirates, indicated during a television speech that companies needed the opportunity to grow and create jobs. Gorgiva revealed in a post on the “X” platform: “I like their strong commitment to the reforms supported by the International Monetary Fund in Pakistan, and support their decisive measures to pave the way for higher economic growth, and offers more work for young people in the country.”