ISLAMABAD: Though the federal budget for fiscal year 2015-16 is being criticised locally, the International Monetary Fund and the World Bank have lauded it.
According to a finance ministry official, the monetary institutions appreciated Ishaq. He said that the IMF and the World Bank have also assured the government that they will continue to play their part to improve Pakistan’s economy.
The IMF mission chief had confirmed that staff level agreement has been reached with Pakistan and after the approval of the Board Pakistan would receive next tranche under extended fund facility in June, the current month. The IMF official said Pakistan has successfully met all performance criteria agreed with the Fund.
