ISLAMABAD: A delegation from the Overseas Investors’ Chambers of Commerce met with the International Monetary Fund (IMF) mission to discuss Pakistan’s economic situation.
The meeting highlighted improvements in macroeconomic stability, a reduction in inflation, stronger foreign exchange reserves, and a more resilient financial sector.
The IMF delegation was led by Mission Chief Eva Petrova, while the Overseas Investors’ Chambers of Commerce was represented by its president Yousuf Hussain. Hussain praised Pakistan’s macroeconomic stability and called for reforms in the tax system, including broadening the tax base and reducing the burden on salaried individuals. He also welcomed the IMF mission’s commitment to ongoing consultations with the business community.
The chambers proposed the development of a long-term economic plan and emphasized leveraging Pakistan’s strategic geographic location for economic gains.
They advocated for a simple and competitive tax system to encourage investment, timely processing of tax refunds, and consistency in regulations.
Both the government and international institutions were urged to maintain cooperation to ensure sustainable economic growth, with a focus on investment-friendly policies and fiscal reforms.
