IMF meeting on Pakistan loan on Sep 25

WEB DESK: The International Monetary Fund (IMF)  executive Board meeting scheduled for September 25, will review the approval of the loan programme for Pakistan.

According to the IMF spokesperson, Pakistan has fulfilled the conditions with the assistance of allied countries.

Earlier this year, in July, Pakistan reached another staff-level agreement (SLA) with the International Monetary Fund (IMF) for a $7 billion, three-year loan programme.

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The IMF spokesperson acknowledged that Pakistan’s economy has improved, noting a significant increase in the country’s growth rate and a reduction in inflation.

The IMF spokesperson stated that there has been a significant increase in Pakistan’s growth rate and a reduction in inflation. “Pakistan has met the conditions, and the board will approve the $7 billion loan,” he added.

More to follow