PBC urges authorities to reinforce IMF programme

The Pakistan Enterprise Council (PBC) has welcomed the event relating to arrival of the Worldwide Financial Fund (IMF) mission, whereas urging authorities to hunt an “extension and augmentation” of the bailout programme.

Taking to social media on Friday, the enterprise advocacy platform mentioned the approaching arrival of the IMF staff and certain programme revival are welcome.

“We should always start talks for extension and augmentation as present programme is inadequate,” it added.

The assertion comes because the IMF mentioned its mission will go to Pakistan from January 31-February 9 to
proceed discussions for the ninth assessment underneath the Prolonged Fund Facility (EFF).

This was confirmed by IMF Resident Consultant Esther Perez Ruiz to Enterprise Recorder on Thursday.

She added that the mission will give attention to insurance policies to revive home and exterior sustainability, together with strengthening the fiscal place with sturdy and high-quality measures whereas supporting the susceptible and people affected by the floods; restoring the viability of the ability sector and reversing the continued accumulation of round debt; and reestablish the right functioning of the foreign exchange market, permitting the alternate price to clear the FX scarcity.

In the meantime, the PBC mentioned that the authorities also needs to search skilled recommendation to re-profile their money owed.