The International Monetary Fund (IMF) is gearing up for a vital visit to Pakistan, scheduled for November. The purpose of this visit is to assess Pakistan’s economic performance, particularly focusing on the period from July to September.
Reliable sources in financial circles have shared that this visit is part of an ongoing review following the extension of the loan programme. Representatives from the IMF and the caretaker administration will engage in important discussions to gauge Pakistan’s progress and its adherence to the outlined economic targets.
Reports from ARY News indicate that Pakistan is on track to receive the next portion of financial assistance, which amounts to $700 million from the $3 billion loan programme. This development underscores Pakistan’s dedication to meeting the IMF’s conditions aimed at boosting economic stability and growth.
Forecasts suggest that the IMF is set to disburse around $1.8 billion in funds to Pakistan by March 2024. This positive outlook reflects the gradual restoration of investor confidence and the promising trajectory of Pakistan’s economy.
However, the release of these funds hinges on Pakistan’s successful completion of two critical economic reviews. This underscores Pakistan’s commitment to implementing structural reforms and achieving sustainable economic development.
