IMF seems happy with Pakistan, successful review ahead

MG News | September 21, 2023 at 11:21 AM GMT+05:00

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September 21, 2023 (MLN): The International Monetary Fund (IMF) and the caretaker government are jointly monitoring the fiscal and foreign exchange reserves targets set under the $3 billion loan program, according to a statement by Pakistan's finance ministry.

The government is strongly committed to maintaining stability, fostering sustainable and inclusive growth, prioritizing revenue collection, and protecting the most vulnerable in Pakistan.

Kristalina Georgieva, the Managing Director of the IMF, on Thursday, had a constructive meeting with Caretaker Prime Minister Anwaar-ul-Haq Kakar to discuss the economic prospects of Pakistan.

To note, Pakistan is under an IMF program of a $3bn loan which was signed in June 2023.

While $1.2 billion has already been disbursed, the remaining amount is phased over the program's duration, subject to two quarterly reviews, with the next review in November 2023.

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