Arif Alvi lauds govt for efforts to hold talks with IMF

• Arif Alvi said this in a meeting with FM Ishaq Dar
• FM told him about progress in talks with IMF.
• Dar said government wanted to impose more taxes

ISLAMABAD: President Arif Alvi on Tuesday appreciated the government for efforts to hold talks with the International Monetary Fund (IMF) for an agreement, Bol News reported.

Arif Alvi said this in a meeting with Finance Minister Ishaq Dar at the President House. The finance minister apprised the president about the progress in negotiations with the IMF.

The president said Pakistan as a state, on behalf of the government, would abide by the promises made to the IMF.

Ishaq Dar said the government wanted to collect additional revenue through imposing taxes by issuing an ordinance.

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Alvi said it would be more suitable to take the parliament into confidence on such a crucial topic. “The parliament session should be convened right away so that the bill could be made a law as soon as possible,” he said.

On Oct 17, 2022, Arif Alvi had urged the need for early finalisation of the Comprehensive Economic Partnership Agreement (CEPA) with the UAE to enable Pakistan to increase its exports, adding that Pakistan also needed to explore new avenues in economic diplomacy and investments with the UAE.

He had said that bilateral trade between Pakistan and UAE could be further increased from its current level of USD 10.6 billion to make it commensurate with our excellent relations and close geographic proximity.

Arif Alvi had made these remarks while talking to Pakistan’s Ambassador-designate to UAE Faisal Niaz Tirmizi, who called on him, at Aiwan-e-Sadr.

The president had highlighted that there was huge potential for cooperation and exports between the two countries in the field of renewable energy, commercial, industrial, infrastructure development and hospitality sectors.

He had noted that 1.6 million strong Pakistani diaspora in the UAE was an asset and was playing a significant role in the progress and development of the two countries. He had said that the remittances sent by the Pakistani diaspora stood US $ 5.814 billion in 2021-22 which hugely helped Pakistan to overcome its foreign exchange requirements.