Ahsan Iqbal Asks PM for Role in IMF Talks

Meanwhile, the Ministry of Planning has asked Prime Minister Shehbaz Sharif to include it in the core team for upcoming negotiations with the International Monetary Fund, alongside the Finance Division.

Key points

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• The Monthly Development Outlook remarked future development efforts would focus on improving public investment, speeding up priority projects and strengthening implementation capacity.
• The request comes ahead of the IMF review mission's discussions with Pakistani authorities in Islamabad this week.
• Iqbal remarked the Planning Ministry's request marked an attempt to restore a role it previously held in economic policymaking.

Planning Minister Ahsan Iqbal remarked the ministry had formally written to the prime minister, arguing that discussions with the IMF cover areas such as economic expansion, inflation and poverty that fall within its domain.

For context, the request comes ahead of the IMF review mission's discussions with Pakistani authorities in Islamabad this week. While Finance Secretary Imdad Ullah Bosal will lead the technical level discussions, the Pakistani delegation will be led by the finance minister. Electricity Generation Becomes More Expensive in August.

Iqbal remarked the Planning Ministry's request marked an attempt to restore a role it previously held in economic policymaking. While the Finance Division's influence climbed from the 1990s onward, he observed that the Planning Commission had played a central role in economic policy during the 1960s, 1970s and 1980s.

For context, the minister additionally stated he projected inflation to return to single digits if peace was achieved in the Gulf region and the recent rise in rates eased in the coming weeks and months.

Iqbal criticized the PTI government's documented 6 percent expansion rate, saying it was driven by higher consumption and imports and contributed to a decline in foreign exchange reserves. He remarked the administration would instead pursue expansion driven by exports and private sector investment.

Notably, the Monthly Development Outlook remarked future development efforts would focus on improving public investment, speeding up priority projects and strengthening implementation capacity. It additionally highlighted private investment, exports, productivity, technology, human capital and climate resilience as priorities for broader and sustainable expansion. Stay Connected with ProPakistani.

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