ISLAMABAD (PEN) : Finance Minister Muhammad Aurangzeb expressed hope regarding the upcoming review by the International Monetary Fund (IMF) for Pakistan’s $7 billion Extended Fund Facility (EFF), which is set for September 25 (today.
Speaking via video link at a seminar on “CPEC Phase Two and the Region” in Lahore, the finance minister noted a growing confidence among investors in the country. He highlighted that while the first phase of the China-Pakistan Economic Corridor (CPEC) focused on infrastructure, the second phase will emphasize monetizing those developments.
Aurangzeb emphasized the private sector’s crucial role in driving Pakistan’s economic growth and pointed out the increase in foreign investment. He reassured attendees of the government’s commitment to creating favorable conditions for investors from China and Saudi Arabia, expressing optimism about the potential success of the IMF program.
