Pakistan, Feb. 19 -- Kristalina Georgieva, Managing Director International Monetary Fund (IMF), lauded Pakistan's economic progress, saying the country was moving in the "right direction".

"This is indeed the right trajectory, the right direction to travel," said Georgieve while lauding Aurangzeb and his team for their "dedication to stay the course". She remarked while moderating a panel discussion, titled "A Path for Emerging Market Resilience," on the second day of AlUla Conference for Emerging Market Economies in Saudi Arabia.

The session was attended by Finance Minister Muhammad Aurangzeb and his counterparts from Turkiye, Brazil, and Egypt. Cash-strapped Pakistan is currently under a $7 billion IMF bailout program and navigating a t...