ISLAMABAD: Finance Minister of Pakistan Dr Hafeez Sheikh along his team are off to Washington to preside over the end of the current IMF programme.
According to Finance Minister eight out of the nine programmes that Pakistan got into with the Fund have been unsuccessful and government was unable to implement three major economic policy commitments, limiting fiscal deficit to 4.7 per cent of GDP, introducing integrated value added tax (VAT) and power sector reforms, which lead to technical completion of an unsuccessful $11.3 billion programme with the International Monetary Fund (IMF) on September 30.
