IMF’s approval of $1 bln 6th tranche for Pakistan

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ISLAMABAD: Federal Minister for Finance and Revenue, Shaukat Tarin said Thursday that approval of the $1 billion 6th tranche by the International Monetary Fund (IMF) was its endorsement of the policies adopted by the incumbent government. Finance Minister Shaukat Tarin has said the approval of the sixth tranche by the IMF is encouraging saying it will bring stability to the country’s economy and currency.

In a video statement on Thursday, he said this indicates that the international lender agrees to Pakistan’s economic strategy.

Regarding Prime Minister Imran Khan’s visit to China, the finance minister said we will ask China to relocate its industries to Pakistan. He said our Special Economic Zones are ready and we want China to establish industries there which will be a win-win for both countries. The finance minister said Pakistan will also seek Chinese cooperation in the agriculture sector.

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