IMF agreed Punjab has Rs40bn surplus: Azma

LAHORE : Punjab Information Minister Azma Bokhari said Sunday the International Monetary Fund has agreed the Punjab government had a surplus of approximately Rs40 billion at the end of the first quarter and, therefore, federal finance ministry corrected its data, uploading the revised fiscal operations reflecting Punjab Government’s surplus.

In response to a media report, she maintained that the Punjab government has not invested in any UAE-based fund, and as such, it was never discussed in the IMF’s meeting with the Punjab government officials. Azma Bokhari explained, “Punjab does not have Quarterly targets of surplus in the National Fiscal Pact and the IMF agreed that Punjab was on track to achieve its committed surplus of Rs630 billion at the end of the Current Financial Year.”