Pakistan 'well positioned' for 1st review of $7bn IMF bailout: FinMin

MG News | March 04, 2025 at 10:51 PM GMT+05:00

0:00

March 04, 2025 (MLN): Pakistan was "well positioned" for the first review of its $7 billion International Monetary Fund (IMF) bailout program, said Finance Minister Muhammad Aurangzeb.

Islamabad secured the $7bn Extended Fund Facility last summer to help claw its way out of an economic crisis, with an immediate disbursement of about $1bn, according to Reuters.

"The ongoing review will be critical in determining how the economy moves forward," Reuters further added.

Pakistan was running an estimated Rs600bn ($2.15bn) shortfall to meet a Rs1.3tr tax revenue collection target set in its June 2024 budget, said a finance ministry official.

The IMF team usually spends around two weeks reviewing fiscal reforms and policy.

A separate IMF team was in Pakistan last week to discuss around $1bn in climate financing on top of the Extended Fund Facility.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	187,033.27 703.36M	-0.84% -1588.52
ALLSHR	112,355.64 1,322.41M	-0.80% -909.82
KSE30	57,253.65 170.47M	-0.83% -477.72
KMI30	264,339.24 259.66M	-0.84% -2232.30
KMIALLSHR	72,280.61 865.86M	-0.69% -504.24
BKTi	53,720.25 43.65M	-1.13% -611.48
OGTi	39,202.65 25.16M	0.13% 50.73

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	89,610.00	90,600.00 87,875.00	-55.00 -0.06%
BRENT CRUDE	64.93	65.41 63.61	0.01 0.02%
RICHARDS BAY COAL MONTHLY	86.75	0.00 0.00	-1.85 -2.09%
ROTTERDAM COAL MONTHLY	98.75	98.75 98.50	0.90 0.92%
USD RBD PALM OLEIN	1,027.50	1,027.50 1,027.50	0.00 0.00%
CRUDE OIL - WTI	60.42	60.89 59.22	0.06 0.10%
SUGAR #11 WORLD	14.79	14.90 14.66	0.07 0.48%