WASHINGTON: Director Communication of International Monetary Fund (IMF) Gerry Rice has said that the purpose of loans program to Pakistan is to increase its tax earning.

The IMF also raised the question on India’s economic performance while declaring India’s economic state as depressing said that India’s recent economic growth is a far below from the expectation due to uncertainty of corporate and environmental regulatory and some due to non-banking sector financial companies weaknesses.

Talking about Pakistan he said that the IMF team lead by Jahad Azwar will visit Pakistan soon as the financial institution of the world has given financial program for the South-East Asian country.

Originally Posted on Abbtak TV


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