IMF Satisfied With Pakistan

Notably, the International Monetary Fund (IMF) mission has expressed satisfaction with a briefing from State Bank of Pakistan (SBP) authorities as both sides move into the next phase of its latest economic review.

Key points

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• The central bank authorities additionally informed IMF that Pakistan had achieved its target of maintaining foreign exchange reserves above $17 billion.
• The IMF mission spent three days in Karachi, where it held discussions with SBP authorities and the Sindh administration before moving to Islamabad for formal policy-level discussions.
• The Sindh administration briefed IMF on its contribution to the federal government's surplus budget.

Notably, the IMF mission spent three days in Karachi, where it held discussions with SBP authorities and the Sindh administration before moving to Islamabad for formal policy-level discussions. Pakistan Gets Impossible Task From IMF.

SBP authorities briefed IMF on Pakistan's economic performance, covering foreign exchange reserves, monetary policy, imports and developments in the foreign exchange market. The mission expressed satisfaction with the briefing.

Notably, the central bank authorities additionally informed IMF that Pakistan had achieved its target of maintaining foreign exchange reserves above $17 billion.

Meanwhile, the briefing additionally covered developments in the current account and an rise in foreign direct investment.

Notably, the Sindh administration briefed IMF on its contribution to the federal government's surplus budget. Authorities stated Sindh's tax revenue reached Rs. While non-tax revenue more than doubled to over Rs, 593 billion by June 30. 80 billion.

In practice, the IMF mission is now set to commence policy-level discussions with Pakistan's economic team in Islamabad as part of the fourth review of the country's $7 billion Extended Fund Facility (EFF) program. Stay Connected with ProPakistani.

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For now, IMF Satisfied With Pakistan remains the part of the story worth watching, and further updates are likely as more details are confirmed.