Islamabad: Significant progress has been made in Pakistan’s economic programme with the International Monetary Fund (IMF), where approval of the third economic review under the Extended Fund Facility is expected.
According to sources, the second review of the Resilience and Sustainability Facility (RSF) programme related to climate change will also be considered in this meeting, which is likely to be approved.
According to officials, Pakistan has completed the implementation of all IMF conditions, after which the approval stage is now left.
It may be recalled that a staff-level agreement was reached between Pakistan and the IMF on March 27, after which economic reform measures were accelerated.
Experts say that this development will not only stabilize Pakistan’s economy but also improve the prospects for foreign investment, which could prove important for the country’s economic recovery.
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