Islamabad: The Pakistan Finance Ministry has announced the successful completion of all targets set under the International Monetary Fund (IMF) program ahead of the IMF mission’s visit, as claimed in a news source on March 13.
According to the details, this achievement positions Pakistan for the final review of the Stand-By Arrangement (SBA), with the potential disbursement of the final tranche of USD 1.1 billion. Prime Minister (PM) Shehbaz Sharif has instructed preparations for seeking an Extended Fund Facility (EFF) after the conclusion of the SBA in April.
The government aims for a substantial EFF program focusing on economic stabilisation, including potential policy rate reduction and attracting foreign inflows.
Efforts to attract investment through the Special Investment Facilitation (SIF) platform are underway. In upcoming negotiations with the IMF, various options including climate financing and adjustments to the allocated quota under the EFF program will be explored to rebuild trust and stabilize Pakistan’s economy.
As a graduate in English Literature, Zohaib believes that words are not just a mere figment of imagination. It takes wisdom to be good at them. Following this reason, he is pursuing his career as Public Relations and Content Specialist at Zameen.com.
