WASHINGTON - International Monetary Fund (IMF) Managing Director Christine Legarde has lauded Pakistan’s “outstanding performance” in improving its economic and financial sectors.

In a meeting with the Pakistani delegation to the spring IMF-World Bank meetings, which is headed by Finance Secretary Waqar Masood Khan, the IMF chief congratulated Pakistan on continuing with reform process which required politically tough decisions, according to a press release of the Pakistan embassy here.

She observed that it was primarily due to the government’s commitment to reforms agenda that today Pakistan was ready to increase its growth at par with other countries in the region.

The IMF chief particularly commended the “strong leadership of Finance Minister Senator Ishaq Dar in achieving this outstanding performance”. She expressed hope that Pakistan will keep pursuing sound economic policies to ensure continued stability and growth.

On his part, the finance secretary apprised her about the latest macro economic indicators, saying Pakistan was close to completing IMF programme and only 2 Reviews are to be completed.

Waqar said the Government has met all the performance criteria for next review and that Pakistan was going to complete an IMF programme spread over 3 years. He said that over the last 3 years headwinds country faced at the beginning of the program have largely receded. “Today Pakistan Economy is poised to achieve a high trajectory of growth as reflected by major indicators like low inflation, high level of reserves, low policy rate, steadily increasing remittances, revival of large scale manufacturing and increased private sector lending.” the finance secretary said.