Home Economy Pakistan Said to Consider Stimulus Package to Support Economy

Pakistan Said to Consider Stimulus Package to Support Economy

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Pakistan’s finance ministry is considering a stimulus package to support the economy, according to people familiar with the matter.

Newly-appointed finance minister Shaukat Tarin is leading the initiative, which can be monetary, fiscal or both, said the people, asking not to be identified as the discussions are private. The talks are initial and nothing has been decided, the people said. No formal proposal exists, Tarin said in response to questions.

The South Asian nation is expected to expand 3.9% in the year ending June from a rare contraction in the previous period. Still, the government is wary of a fresh wave of the coronavirus pandemic derailing its projection. At the same time, the government is looking to renegotiate some terms of a bailout package with the International Monetary Fund, including raising power tariffs and some taxes, finance minister Tarin said in an interview last month.

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