Finance Minister Aurangzeb urges reforms to avoid IMF in future
Federal Minister for Finance and Revenue Muhammad Aurangzeb on Thursday said that fundamental economic reforms were needed to make the existing IMF programme the last one for the country. Transformation of economy into an export-driven one necessitates structural reforms, only then could the country move forward in the next three years, the minister said in an interview with Voice of America after the IMF approved $7 billion loan for Pakistan. The minister said the government had no choice but to implement economic reforms, which included bringing sectors currently outside the tax net into the fold.