ISLAMABAD – In a significant development, the Executive Board of the International Monetary Fund (IMF) has successfully completed the first review of Pakistan’s ambitious economic reform program, supported by the IMF’s Stand By Arrangement.
The approval from the Board marks a crucial milestone, enabling an immediate disbursement of approximately 700 million US dollars. This brings the total disbursements under the Stand By Agreement to a substantial 1.9 billion dollars.
The financial infusion is deemed vital for Pakistan, especially with general elections looming on the horizon. The nation’s economic stability and resilience are paramount during this critical period, making the IMF deal instrumental in securing a robust financial position.
Official sources suggest that the comprehensive program, aimed at bolstering Pakistan’s economic framework, is on track for finalization in the near future. As the nation navigates through economic challenges, this IMF-supported initiative is poised to play a pivotal role in shaping Pakistan’s financial landscape.
