IMF delegation calls on SBP governor.

KARACHI -- A delegation of the International Monetary Fund (IMF), led by the Director Middle East and Central Asia Department Jihad Azour, called on the State Bank of Pakistan Governor Dr Reza Baqir Thursday in Karachi. He was accompanied by the IMF Mission Chief to Pakistan, Ernesto Ramirez Rigo; Resident Representative of IMF for Pakistan, Ms Teresa Daban Sanchez; and Special Assistant to the Director of the IMF's Communications Department, Olga Stankova.

The delegation also met with senior management of the SBP. The governor shared SBP's views on the economy with the IMF delegation. He noted that Pakistan has embarked on its home-grown economic reform program and said that he looked forward to a continuing fruitful partnership with the IMF and other stakeholders in the international financial community to support this reform program.

He observed that the transition to a market-based exchange rate system, building foreign exchange reserves, and bringing down inflation were key elements of the SBP's reform program to restore financial stability and lay the foundations for sustainable and shared growth. The initial results from the reform...