The International Monetary Fund urges Pakistan to continue its tight monetary policy
The International Monetary Fund urged Pakistan to continue its tight monetary policy, expand the scope of its tax system, adjust electricity and gas tariffs, and continue structural reforms to advance its faltering economy.
The Deputy Director General of the International Monetary Fund, Nigel Clarke, confirmed – in a statement reported by the Geo News channel: Pakistan, on Wednesday, said that accelerating the pace of reforms in the energy sector is crucial to ensuring the enhancement of Pakistan’s competitiveness. Two separate units aim to provide financial support for economic reforms and mitigate the effects of climate change.
Pakistan is scheduled to receive a payment of one billion dollars within the “Extended Fund Facility” program, and $200 million within the “Resilience and Sustainability Facility” program. Which supports its climate reform agenda, bringing the total amount granted by the Fund to Pakistan in this framework to reach 3.3 billion US dollars.
- For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Related
