The International Monetary Fund has praised Pakistan’s economic reforms and policy implementation, stating that the country managed to maintain economic stability despite the ongoing conflict in the Middle East.
The IMF Executive Board approved Pakistan’s economic reviews and completed the third review of the Extended Fund Facility programme along with the second review of the climate financing programme.
According to the statement, Pakistan will immediately receive $1.1 billion under the next tranche of the loan programme, which is expected to provide further support to the country’s economy.
The IMF also announced that Pakistan will receive an additional $220 million in climate financing to strengthen efforts aimed at addressing climate change challenges.
The statement noted that Pakistan has so far received a total of $4.8 billion under both programmes, while emphasizing the importance of continuing economic reforms.
The IMF said Pakistan maintained fiscal discipline and continued implementing reforms effectively despite challenging regional and global conditions.
