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Pakistan Meets Conditions to Receive Next $500 Million From IMF The IMF and Pakistan reached a staff-level agreement that Pakistan had completed reforms required for the release of around $500 million that had been suspended for about a year. The International Monetary Fund logo is seen during the IMF/World Bank spring meetings in Washington, US. photo: Reuters/Yuri Gripas Islamabad: The International Monetary Fund (IMF) and Pakistan on Tuesday reached a staff-level agreement that Pakistan had completed reforms required for the release of around $500 million in IMF funds that had been suspended for about a year. “The package strikes an appropriate balance between supporting the economy, ensuring debt sustainability and advancing structural reform,” the Fund said in a statement issued by both sides. “Pending approval of the Executive Board, the reviews’ completion would release around US $500 million.”

Abdul hafeez shaikhImran khanInternational monetary fundFund facilityExecutive boardFinancing instrumentPrime minister imran khanCovid 19 economic impactEconomic reformFiscal and revenue reformInternational monetary fund imfLatest headlinesLatest newsPakistan economic growthPakistan economyPakistan prime minister imran khan