Economics
IMF Approves Resuming $6 Billion Bailout Package for Pakistan
- Pakistan boosted tax intake, pledged central bank independence
- Nation’s financing requirements supported by sukuk, Saudi loan
This article is for subscribers only.
The International Monetary Fund agreed to resume a $6 billion loan to Pakistan, marking progress in a program that’s been moving in fits and starts since 2019.
The executive board of the Washington-based lender completed its sixth review of the extended fund facility, allowing the nation to receive about $1 billion, the fund said in a statement on Wednesday. The IMF also finished its annual Article IV evaluation of the nation’s economy.