The International Monetary Fund (IMF) has scheduled a board meeting for September 25 to review Pakistan’s $7 billion Extended Fund Facility (EFF).
This follows the completion of the previous $3 billion loan program and significant policy adjustments by Pakistan, including a 40% tax revenue increase and energy price hikes.
Moreover, IMF spokesperson Julie Kozack confirmed that Pakistan has secured necessary financing assurances, with the country arranging over $2 billion from non-IMF lenders.
Read More: Power division announces good news for electricity consumers
In addition, State Bank Governor Jameel Ahmad announced that all hurdles have been cleared, paving the way for the board’s review.
Furthermore, Prime Minister Shehbaz Sharif expressed optimism over the ongoing negotiations, thanking friendly nations for their support.
