IMF funds $6 billion in support of Pakistan’s economic policies

Led by Ernesto Ramirez Rigo, the International Monetary Fund (IMF), visited Pakistan from April 29 to May 11. Discussing the IMF’s support for Pakistan’s economic reform program, both parties have agreed on supporting economic policies by a 39 month Extended Fund Arrangement (EFF) for US$6 billion.

invest with imarat

Islamabad’s emerging city centre

Learn More

The EFF has been agreed upon with an objective to minimize domestic and external imbalances, greater transparency, and economic growth and improved living standards.  The agreement is subject to management and Executive Board approvals of IMF, timely execution of aforementioned actions and confirmation of financial promises of international partners.

The upcoming budget for fiscal year 2019-20 is an important step in the authorities’ fiscal strategy. The budget will aim for a primary deficit of 0.6 percent of GDP. It will be supported by tax policy revenue mobilization and spending growth to safeguard the most vulnerable social segments.

For news and updates keep on visiting Graana blog

Maham Tahir

Recent Posts

Exploring Kalabagh: The Historic City in Mianwali District

Kalabagh, a small yet historically significant town in Pakistan’s Punjab province, is located within the…

21 hours ago

Nazimabad Number 2: A Well-Known Residential Area in Karachi

Nazimabad Number 2 is a well-known neighbourhood in Karachi, Pakistan, renowned for its vibrant community,…

2 days ago

A Guide to Quetta Town in Karachi

Quetta Town is a residential neighbourhood located in the vibrant city of Karachi, Pakistan. Known…

3 days ago

Akbar Chowk Lahore: A Focal Point of Connectivity

Akbar Chowk in Lahore stands as one of the city’s most critical intersections, serving as…

4 days ago

A Guide to Khuda Baksh Colony Lahore

Khuda Baksh Colony, located near Bhatta Chowk in Lahore, is a rapidly developing residential area…

5 days ago

Gol Market Karachi: A Vibrant Commercial Hub

Gol Market in Karachi is one of the city's most iconic and bustling commercial centres.…

2 weeks ago