Islamabad: The International Monetary Fund (IMF) has issued a statement on Pakistan, saying that detailed discussions were held to review the $7 billion loan program, and Pakistan has strictly implemented the terms of the loan program.
According to the statement, the talks focused on climate financing, effective debt repayment management, reducing costs in the energy sector, promoting health and education, social protection, and improving the rate of economic growth. The IMF says Pakistan has taken strong economic measures to reduce government debt and adopted a tight monetary policy to control inflation.
According to the IMF, economic reforms have led to measures to reduce production costs in the energy sector, while possible funding to combat climate change is also being considered. Virtual discussions will continue to finalize the negotiations between Pakistan and the IMF, and significant progress has been made regarding the staff-level agreement.
We welcome your contributions to The Pakistan Observer, Submit your blogs, articles, press releases, news story pitches and news features.
Please send your submissions to our News Room or Editorial team.
