Commerce Minister Syed Naveed Qamar has expressed hope that after revival of the program by IMF Board, the reserves would increase with inflow from friendly countries and international banks.
In a statement, he said the revival of the program alone is not a panacea for all ills, rather; we need structural reforms and our processes need to be changed.
Naveed Qamar said that the revival of the dialogue would significantly boost confidence of the business community and would help in providing them with a conducive environment.
He said that the meeting of the Pakistan-US Trade and Investment Framework Agreement (TIFA) Ministerial Council had agreed to have regular follow-up engagements during 2023 to ensure progress on all issues to achieve tangible result.
Expressing satisfaction over the high-level dialogues in various sectors including energy, and climate change, the minister said that the series of dialogues reflected that Pakistan Is being seen as a sovereign trading partner of the United States.
Talking about the economic challenges being faced by the country, the minister said that Pakistan has taken tough decisions to revive IMF program.
