ISLAMABAD: The Executive Board of the International Monetary Fund (IMF) has approved the next tranche of $1 billion for Pakistan, which will be released under the Extended Fund Facility (EFF). According to sources, the move will help strengthen the country’s economy.
With the approval of this installment, India’s efforts to stop Pakistan’s IMF program also failed. The IMF, in its decision, clarified that Pakistan has implemented the economic reform agreement, on the basis of which funds have been released.
The government of Pakistan has taken steps such as reforming the tax system, improving the energy sector, and controlling government spending, following the terms of the IMF. According to experts, these funds will play an important role in increasing the country’s foreign exchange reserves and ensuring economic stability.
The IMF’s decision will help Pakistan achieve its economic goals while also strengthening relations with international institutions despite external pressure.
