ISLAMABAD: Prime Minister Shehbaz Sharif has said that the staff level agreement is a reflection of the IMF’s confidence in the Pakistani economy and government policies.

Expressing his reaction to the staff level agreement with the International Monetary Fund, Prime Minister Muhammad Shehbaz Sharif has said that this staff level agreement is a reflection of the improvement in Pakistan’s macroeconomic indicators.

The Prime Minister expressed satisfaction over the signing of a staff level agreement between Pakistan and the International Monetary Fund for a fund of one billion US dollars under the Extended Fund Facility (EFF) and Resilience and Sustainability (RSF).

He said that the staff level agreement is an expression of the International Monetary Fund’s confidence in Pakistan’s rapidly improving economic situation. The IMF’s satisfaction with the pace of growth of the Pakistani economy and institutional reforms is a reflection of the institution’s confidence in government policies.

Shahbaz Sharif further said that the Federal Finance Minister, Minister of State for Finance, Federal Secretary for Finance and their entire team deserve appreciation, due to whose hard work this agreement with the IMF was reached. The Pakistani economy is moving in the right direction. The government will take all measures for the development and prosperity of Pakistan.