On 25 October 2016 a statement was issued following the conclusion of a visit by the IMF Managing Director to Pakistan.
Pakistan has completed an IMF-supported economic reform program and has improved macroeconomic stability. Public finances have been strengthened, many tax exemptions and concessions have been removed and there has been higher tax revenue. Social assistance has been extended to more low income households.
The Managing Director noted that achieving higher and more sustainable economic growth requires the completion of structural reforms in the energy sector and in tax policy and administration. Pakistan must also end the losses in public enterprises; improve governance; and encourage an export-oriented private sector. Improved living standards can be shared widely by improving social protection; closing the gender gap and strengthening health and education.
