Prime Minister Shehbaz Sharif on Wednesday stated that Pakistan was steadily meeting its International Monetary Fund (IMF) programme commitments, but urged the lender to take into account the recent flood damage in its upcoming review for the country.
Pakistan is expected to meet all seven Quantitative Performance Criteria (QPC) set by the IMF ahead of the second semi-annual review of the country’s Extended Fund Facility (EFF) programme, which was approved[1] in May this year.
The IMF team is scheduled to visit Pakistan on Sept 25 to review the country’s performance under the $7 billion EFF arrangement, covering the first half of 2025. The review will assess Pakistan’s progress in meeting key economic targets for the March-June quarter.
The prime minister’s statement was made during a meeting with Kristalina Georgieva, Managing Director of the IMF, on the sidelines of the 80th Session of the United Nations General Assembly[2] in New York.
“The premier also appreciated the IMF’s longstanding constructive partnership with Pakistan, which had further strengthened under the incumbent chief’s leadership,” according to the state-run Associated Press of Pakistan (APP).
More to follow.
References
- ^ approved (www.dawn.com)
- ^ United Nations General Assembly (www.dawn.com)