IMF Backs Pakistan's Economic Reforms Under PM Sharif’s Leadership

The International Monetary Fund supports Prime Minister Shehbaz Sharif's decisive steps for Pakistan’s economic improvement, affirming the country’s adherence to IMF-backed reforms. An ongoing $7 billion Extended Fund Facility programme aims to tackle payment issues, enhance growth, create jobs, and drive structural reforms across various sectors.

The International Monetary Fund (IMF) has voiced support for Prime Minister Shehbaz Sharif's government, praising decisive actions aimed at improving Pakistan's economy.

In a significant financial arrangement, Pakistan and the IMF agreed to a $7 billion Extended Fund Facility (EFF) loan to address the nation’s balance of payment issues through stringent policies. This development occurred amidst the IMF's ongoing visit to assess the judicial and regulatory system in line with the programme’s guidelines.

During discussions in Dubai at the World Governments Summit, IMF Managing Director Kristalina Georgieva acknowledged Pakistan's commitment to reforms, highlighting the nation’s recent economic progress. Both she and Finance Minister Muhammad Aurangzeb lauded the government's efforts in implementing structural changes, specifically in taxes, energy, and public finance.

(With inputs from agencies.)