Pakistan has pledged to the IMF an increase in foreign exchange reserves to $13.6 billion for the upcoming fiscal year.
According to the Finance Ministry, the IMF has committed to raising the Central Bank’s foreign exchange reserves to $9 billion by the end of the current fiscal year.
Additionally, outlined in the Memorandum on Economic and Policy Framework, plans include rolling over debts amounting to $6.34 billion in the next fiscal year. The IMF has also agreed to boost foreign investment by $1.31 billion for the upcoming financial year, with a commitment to elevating current financial year foreign investment to $70 million. Furthermore, recent reports indicate a decrease in foreign exchange reserves by $23.7 million.
