8 billion will be scheduled in November and February after reassessments. According to the statement issued by the IMF officials, the difficult external environment Pakistan is facing, devastating floods, policy mistakes have led to large fiscal and external deficits, rising inflation and dwindling foreign exchange reserves in FY23.
It has been said in the declaration that Pakistan has to implement the targets under the loan program, it is necessary to implement the targets set in the budget.
Pakistan needs to adopt a tight monetary policy while institutional and energy sector reforms are inevitable.
According to the IMF, Pakistan has to make the exchange rate market-based, Pakistan has to stick strictly to the set policies, the economic reform program in Pakistan is to provide immediate support to the economy, the program will help Pakistan’s economy from internal and external instability.
It will help to remove the balance. It should be noted that three The contract of billion dollars will be for a short term ie nine months. A staff-level agreement was reached between Pakistan and the IMF late last month.