Tuesday, August 2nd, 2016

Pakistan to stop seeking IMF help

Narada Desk | August 2, 2016 9:13 am Print
Pakistan Finance Minister Ishaq Dar says Pakistan will become the 18th biggest economic nation in the world by 2050
Pakistan Finance Minister Ishaq Dar

Pakistan Finance Minister Ishaq Dar has said that the country doesn’t need help from International Monetary Fund (IMF) anymore.

Dar said Pakistan would not go to IMF for assistance.

“Pakistan will soon stop looking towards IMF for assistance. The last session with IMF is underway right now,” Dar said in an interview to Dawn online on Monday.

The Finance Minister said by 2050, Pakistan would become the 18th biggest economic nation across the world, Dawn online reported.

Earlier, a senior IMF official had said Pakistan’s economy was gradually gaining strength and its short-term vulnerabilities were also receding.

Clarifying the government’s plan regarding the newly envisioned property tax laws, Dar said: “We haven’t announced any amnesty scheme regarding the transferring of property.”

The Federal Board of Revenue would now determine the prices of property and all transactions would be done through a transparent process, Dawn online quoted the minister as saying.

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