IMF MD says package for Pakistan aims to assist the country in economic recovery, reduce inflation, create jobs, and foster inclusive growth
US dollar rate in Pakistan on Sept 27 down by 0.5 paisa to Rs277.64IMF Managing Director Kristalina Georgieva announced that the newly approved bailout package for Pakistan aims to assist the country in economic recovery, reduce inflation, create jobs, and foster inclusive growth.
This statement follows the IMF’s approval of a $7 billion Extended Fund Facility , with the first tranche of $1.1 billion expected to be disbursed by September 30, 2024. The latest bailout includes loans linked to the government’s commitment to reforms, especially in expanding the tax base, as reflected in the recent tax-heavy budget. IMF Pakistan Mission Chief Nathan Porter confirmed that several allied countries have provided substantial financial assurances, complementing the agreement to roll over $12 billion in bilateral loans.
Prime Minister Shehbaz expressed satisfaction with the loan approval and thanked Georgieva and allied countries, including Saudi Arabia, China, and the UAE, for their support.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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