Pakistan is expected to secure a $1.2 billion tranche from the International Monetary Fund (IMF) as its Executive Board meets today to review the country’s performance, according to official sources cited by Beyond Time News.
Programme Review
Sources said Pakistan has met 13 of 17 key IMF targets, with approval of the tranche widely expected.
Officials added that key fiscal and financial benchmarks, including foreign exchange reserves, remain within agreed limits.
Key Economic Targets
The State Bank of Pakistan has reportedly met reserve requirements and other monetary conditions under the programme.
Fiscal deficit targets and provincial tax collection goals of Rs568 billion have also been achieved, while limits on sovereign guarantees have been maintained.
IMF Seeks Major Overhaul of Pakistan’s Sovereign Wealth Fund Powers
IMF Assistance Framework
Pakistan is currently under the $7 billion Extended Fund Facility (EFF) and the $1.4 billion Resilience and Sustainability Facility (RSF).
Sources said the third EFF review has been completed, while an additional $210 million may follow after the RSF review.
Next Step
Following a staff-level agreement in March, the tranche is expected to be released soon if approved by the IMF Executive Board.
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