Web Desk: The International Monetary Fund’s (IMF) Executive Board approved a new $1.3 billion tranche for Pakistan during a key meeting in Washington, sources said. The disbursement is part of Pakistan’s $7 billion Extended Fund Facility (EFF) program, with over $200 million included in the first installment.
Total Assistance Reaches $3.3 Billion
With this release, Pakistan will receive a total of $3.3 billion under both EFF and other IMF loan programs. Earlier installments from the EFF program had already been disbursed, marking the latest approval as a significant step in supporting Pakistan’s economic stabilization efforts.
Economic Reforms Receive IMF Endorsement
During the session, the Executive Board also approved Pakistan’s second economic review. The IMF noted that Pakistan had effectively implemented multiple economic measures, including fiscal discipline, revenue enhancement, energy sector reforms and financial transparency. These reforms were cited as contributing positively to the country’s ongoing stabilization.
Government Pledges Continued Reforms
Pakistani officials assured the IMF that economic reforms would continue and fiscal discipline would be maintained. Sources indicated that the government is actively implementing a reform package to support economic recovery and stability, paving the way for future tranche releases.
Boost to Reserves and Global Confidence
IMF approval of the new tranche is being seen as a boost to Pakistan’s foreign exchange reserves and overall economic strategy. Analysts said it would enhance global financial institutions’ confidence in Pakistan’s ability to manage its economic challenges effectively.
