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Islamabad: Pakistan has given time to the IMF to implement reforms at the Prime Minister’s level.
According to officials of the Ministry of Finance, it has been agreed that by June 30, domestic reserves of foreign currency should be equal to 2 months of imports, Pakistan should manage more than 10 billion dollars through friendly countries, international organizations and commercial loans.
Officials say that this year, the rate of economic growth is expected to reach 2 percent, and inflation is expected to exceed 29 percent.
According to the sources, Pakistan has given time to the IMF to implement reforms at the level of the prime minister, friendly countries and international financial institutions will also monitor the current loan program, while the IMF loan after receiving 2.5 billion. dollar by June 2023. The program will end, if necessary, Pakistan will apply for a new loan program in the next fiscal year.
According to officials, the IMF Executive Board will approve the $1.1 billion tranche after 3 to 4 weeks of agreement, while Pakistan’s interest in the IMF program remains.