The ongoing negotiations between Pakistan and the IMF have yielded positive results, under which the country is set to receive a new tranche of about $1.2 billion. Of this total amount, $1 billion will be received as part of the EFF programme and $210 million as part of the RSF programme.
This agreement has been possible after Pakistan successfully implemented the IMF conditions, and now only the formal approval of the Executive Board is awaited. The arrival of this amount will further strengthen Pakistan’s economic stability and restore the country’s confidence in the international market.
In its report, the IMF has praised the improving trend in the Pakistani economy while also emphasising reforms and structural changes in the energy sector. According to the report, the reduction in inflation and deficit is welcome, but challenges such as the global political situation and the energy crisis still exist.
The IMF has made it clear that Pakistan will have to continue with a series of long-term reforms to accelerate the pace of economic growth, while the government has assured that it will continue to take steps to protect the vulnerable while maintaining financial stability.