WASHINGTON, July 22 (KUNA) -- Acting Managing Director of the International Monetary Fund (IMF) David Lipton discussed with Pakistan's Prime Minister Imran Khan recent economic developments.
"The implementation of the authority's economic reform program supported by the IMF," Lipton said in a statement Monday.
"Their program aims to stabilize the economy, strengthen institutions and thereby put Pakistan on a path of sustainable and balanced growth," he noted.
He also stressed the need to mobilizing domestic tax revenue now and on into the future to provide reliably for needed social and development spending, while placing debt on a firm downward trend.
"The IMF, together with other international partners, is working closely with the government of Pakistan to support the implementation of the authorities' economic reform program," remarked Lipton.
Earlier this month, IMF approved a 39-month extended arrangement under the Extended Fund Facility (EFF) for Pakistan for an amount of about USD six billion to support the authorities' economic reform program. (end)