IMF’s third review for Pakistan likely to be approved; important progress

The International Monetary Fund (IMF) is expected to approve the third economic review for Pakistan under the Extended Fund Facility (EFF) programme, which is being described as a positive development for the economy.

According to sources, not only will this review be approved in the IMF meeting, but the second review of the Resilience and Sustainability Facility (RSF) programme related to climate change is also expected to be approved.

Officials say that Pakistan has already fulfilled all the conditions imposed by the IMF, after which the approval process is just a formality.

It should be remembered that the staff-level agreement between Pakistan and the IMF was signed on March 27, after which the government has continued to implement economic reforms.

According to experts, if this review is approved, Pakistan will not only receive financial assistance but will also help restore the confidence of global financial institutions and investors.