IMF ‘satisfied’ with Pakistan’s economic progress

The International Monetary Fund (IMF) has shown satisfaction with the economic progress of Pakistan, clearing the path for the country to secure a $700 million loan tranche as part of the Stand-By Arrangement (SBA).

Sources indicate that Pakistan's Ministry of Finance presented the economic performance data for the period from July to September in the current fiscal year, which was mutually accepted by the IMF. During discussions, the IMF expressed satisfaction with Pakistan's financial deficit and economic growth rate data.

As per a Ministry of Finance briefing, on September 23, the economy's size reached Rs 500,817 billion, and the financial deficit was notably decreased from the Rs 2525 billion target to Rs 964 billion.