Posted 12/17/2023, 12:02:16 AM
Pakistan Aims to Stabilize Economy, Rebuild Reserves Through Reform Measures Under IMF Program
- Take over 50 reform measures in 3 years to stabilize economy and rebuild reserves under IMF loan program
- Bring down inflation to 5-6% range and increase reserves to 4 months of imports by 2025-26
- Rationalize tax exemptions and publish analysis as part of 2025 budget to improve revenue collection
- Shift financing away from national savings certificates towards concessional financing to reduce costs
- Develop bank-specific roadmaps to reduce NPLs and increase capital adequacy and provisioning coverage