{"id":46331,"date":"2022-05-20T15:00:59","date_gmt":"2022-05-20T10:00:59","guid":{"rendered":"https:\/\/pni.net.pk\/en\/?p=46331"},"modified":"2022-05-20T13:20:13","modified_gmt":"2022-05-20T08:20:13","slug":"positive-talks-with-imf-underway-economic-situation-to-improve-soon-miftah","status":"publish","type":"post","link":"https:\/\/pni.net.pk\/en\/latest-business-news\/positive-talks-with-imf-underway-economic-situation-to-improve-soon-miftah\/","title":{"rendered":"Positive talks with IMF underway, economic situation to improve soon: Miftah"},"content":{"rendered":"<p>ISLAMABAD, May 20 (APP): Federal Minister for Finance and Revenue Miftah Ismail said here on Friday that talks were underway with International Monetary Fund (IMF) and expressed the hope that there would be a turnaround in country&#8217;s economic situation very soon.<\/p>\n<p>In a tweet, the federal minister said that the country\u2019s current account deficit (CAD) during the month of April has come down to $623 million, less than half of the average for the first nine months of the fiscal year 2021-22.<\/p>\n<p>\u201cThe Current Account Deficit for April came in at $623 million, less than half the average for the first 9 months of the fiscal year. This is a very good sign for external stability. With positive IMF talks underway, we expect a turnaround in the economic situation very soon,\u201d he tweeted.<\/p>\n<p>The minister thanked the foreign multinationals that operate in Pakistan and pay a large amount of taxes, provide employment and bring in technology.<\/p>\n<p>He requested all of them to present a plan to export out of Pakistan also and offered to give them tax breaks for that.<\/p>\n<p>\u201cI am truly grateful to all the foreign multinationals that operate in Pakistan, pay a large amount of taxes, provide employment and bring in technology. However I request all of them to present to me a plan to export out of Pakistan also. I will give them tax breaks for that,\u201d he tweeted.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD, May 20 (APP): Federal Minister for Finance and Revenue Miftah Ismail said here on Friday that talks were underway with International Monetary Fund (IMF) and expressed the hope that there would be a turnaround in country&#8217;s economic situation very soon. In a tweet, the [&#8230;]<\/p>\n<p>\n","protected":false},"author":16,"featured_media":46332,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-46331","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Positive talks with IMF underway, economic situation to improve soon: Miftah<\/title>\n<meta name=\"description\" content=\"Positive talks with IMF underway, economic situation to improve soon: Miftah\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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