The Pakistan Tehreek-e-Insaf (PTI) declared on Friday that it was pleased with the standby agreement (SBA) between Pakistan and the International Monetary Fund (IMF), which aims to maintain macroeconomic stability by securing outside funding and implementing sensible policies in advance of the national elections.
The PTI released the statement after the IMF team visited Imran Khan, the party’s chairman, at his Lahore home. Esther Perez Ruiz, a resident representative, and IMF Country Chief Nathan Porter, who joined virtually from Washington, were present at the meeting.
Discussions about the staff-level agreement that the IMF has with the Government of Pakistan for a 9-month $3 billion standby arrangement took place during the meeting, which lasted for more than an hour. According to the statement, the party “supports the overall objectives and key policies.”
“We welcome the SBA’s efforts to maintain macroeconomic stability by securing outside funding and wise policies before the scheduled national elections for this fall and until a new government is formed. We want to emphasize the significance of initiatives to safeguard lower-income groups from high inflation, according to the statement.
According to the statement, the party views political stability and the application of the law as essential components of Pakistan’s economic stability. A new government chosen by the people will start reforms and work with multilateral institutions over a longer period of time to advance economic transformation and higher and more inclusive growth following free, fair, and timely elections conducted in accordance with the constitution, it was added.
Imran Khan, the chairman of PTI, is also anticipated to give a speech on the subject. Shah Mehmood Qureshi, Hammad Azhar, Shaukat Tarin, Omer Ayub Khan, Dr. Sania Nishtar, Shibli Faraz, Taimur Jhagra, and Muzammil Aslam were also on the PTI delegation that attended the meeting.
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