Loan approval for Pakistan, IMF statement released

There is good news for the economy of Pakistan, the IMF has approved the release of a tranche of one billion 10 million dollars for Pakistan.

The statement issued by the IMF said that Pakistan has made serious efforts to achieve the goals of the loan program.

According to the IMF, the rate of inflation has started to decrease in Pakistan, it is expected that the rate of increase in inflation will decrease to 20% in June.

According to the statement, Pakistan’s net foreign exchange reserves have increased from 4.5 to 8 billion dollars.

According to the IMF declaration, reforms in the energy sector are essential, and structural reforms should be accelerated to achieve strong and inclusive growth.

Anti-corruption institutions need to be strengthened, driven by policy frameworks including advancing reforms of state-owned enterprises.

On the other hand, according to sources, Pakistan is likely to receive an amount of one billion ten million dollars this week.

Economic team talks for new loan program with IMF will be held next month, IMF delegation will arrive in Pakistan in the middle of next month.