Pakistan Wants to Stay 'On Track' with IMF Program

    Pakistan wants to remain on track with its International Monetary Fund loan program, said Abdul Hafeez Shaikh, the nation’s finance minister.

    “We want to remain on track with the IMF program because that is a reform program that we are ourselves undertaking,” he told reporters Aug. 26 outside the IMF office in Washington. “We want to continue to demonstrate our resolve to take difficult decisions.”

    Pakistan and IMF are conducting talks to explore ways to bolster the Islamic nation’s economy amid the massive monsoon flooding, Reuters reports. The talks are expected to last until next week.

    About the author

    • Ma. Rizza Leonzon

      As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.