US EditionPM hails $1.3 billion IMF deal as major economic milestone
- The International Monetary Fund approved a $1.3 billion loan for Pakistan to address climate change and confirmed the first review of an ongoing bailout program.
- Pakistan can access $1 billion under the $7 billion bailout program, which would total $2 billion in disbursements, according to the IMF's statement.
- The IMF noted that Pakistan has made significant progress in restoring economic stability, with inflation declining to its lowest level since 2015.
- The IMF highlighted that Pakistan has made significant progress in restoring macroeconomic stability over the past 18 months, despite a challenging global environment.
21 Articles
21 Articles
Aslam slams Shehbaz over IMF programme
This collage shows, Adviser to Chief Minister on Finance Muzzammil Aslam and Prime Minister Shehbaz Sharif . — Screengrab via YouTube@MuzzammilsDeskTCA/PIDFilePESHAWAR: Adviser to Chief Minister on Finance Muzzammil Aslam on Wednesday said Prime Minister Shehbaz...
PM hails $1.3 billion IMF deal as major economic milestone
Prime Minister Shehbaz Sharif on Wednesday hailed the successful staff-level agreement with the International Monetary Fund (IMF) for a new $1.3 billion arrangement, calling it a major milestone in Pakistan’s path toward economic stability. Chairing a Cabinet Committee meeting in Islamabad, the prime minister applauded the efforts of the deputy prime minister, finance minister, planning minister, commerce minister, economic affairs minister, FBR…
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