Islamabad: Pakistan has reached a staff-level agreement with the International Monetary Fund (IMF) on the second and final stand-by review.
This happened during a meeting between the Pakistani authorities and the IMF team led by Nathan Porter.
Pakistan to receive $1.1 billion after IMF Executive Board approval.
Nathan Porter acknowledged the new government’s commitment to continue the policy efforts launched under the current SBA to consolidate economic and financial stability for the rest of this year.
The IMF statement further confirmed that the State Bank of Pakistan remains committed to maintaining a prudent monetary policy to reduce inflation and ensure exchange rate flexibility and transparency in foreign exchange market operations.
The IMF team thanked the Pakistani authorities, private sector, and development partners for fruitful discussions and cooperation during this mission.
