ISLAMABAD - International Monetary Funds Assistant Director for Middle East and Central Asia Adnan Mazari Saturday said that power tariff hike is not the only solution to the power crisis, as Pakistan should introduce managerial and structural changes to power sector. Addressing a joint news conference here with Finance Minister Dr Abdul Hafeez Shaikh, Adnan Mazari said the IMF has nothing to do with electricity sector, as the Fund only looks for macroeconomic stability of the country. Pakistan should bring managerial and structural changes to power sector, he said and added the present system could not work. He further said Pakistan was facing some short-term issues, and stressed the need for addressing issues on long-term basis which includes creating conducive atmosphere for foreign investment in the country. He said there was a need to focus on fiscal growth, banking sector and energy sector on long-term basis. Adnan said the Fund had constructive discussions with Pakistan under article IV in Dubai. He further said the current account situation of the country might not remain good during the ongoing fiscal year 2011-2012 as it remained better during the last year due to the global economic situation. He said Pakistans economy had faced several challenges like devastating floods, security situation and also global economic situation. Earlier the Finance Minister described the Saturdays meeting with IMF as good wherein economic experts, businessmen and representatives of civil society shared their viewpoint regarding economic situation of the country. Pakistan is in consultation process with the IMF which would continue, he added. He further said the government took several tough decisions including cut in its expenditures and expansion in revenue collection. He observed countrys exports surged to $6 billion during the first four months (July-October) of the current financial year, which is 20 per cent higher than the same period last year. Meanwhile, remittances also surged by 23 per cent in one year and recorded at $4.2 billion during July-September period. Due to the governments steps, the minister said revenue collection also went up by 28 per cent, as Federal Board of Revenue (FBR) has collected Rs509 billion in the first four months of the current fiscal year. He informed the government is working to increase the foreign investment in the country and job opportunities. The focus is also on improving the efficiency of the public sector departments, he added. The Finance Minister said the government was committed to economic reforms agenda to ensure that economic stability remains intact.