Prime Minister Shehbaz Sharif stated on Tuesday that his government is focused on meeting the conditions set by the International Monetary Fund (IMF) for its loan program, which he hopes will be the last for the country.
In July, Pakistan secured a $7 billion, 37-month loan agreement with the IMF.
Previously, the Prime Minister highlighted the “long and difficult journey” Pakistan must undertake to avoid returning to the IMF in the future.
The IMF has indicated that, upon approval by its Executive Board, the program is designed to help Pakistan “establish macroeconomic stability and foster conditions for stronger, more inclusive, and resilient growth.”
This bailout, which will be provided as loans, is contingent on the government’s commitment to implementing reforms, including a significant expansion of the country’s tax base.
