Islamabad, The second and final review of the Stand-By Arrangement with the International Monetary Fund (IMF) is set to commence tomorrow in Islamabad, marking a crucial step toward concluding the financial agreement with the global lender. This review session aims to assess Pakistan’s compliance with the agreed benchmarks and performance criteria, paving the way for a staff level agreement.
According to Ministry of Information and Broadcasting, Pakistan has successfully met all structural benchmarks, qualitative performance criteria, and indicative targets necessary for the successful completion of the IMF review. This achievement reflects the country’s commitment to the reform measures stipulated by the IMF under the Stand-By Arrangement.
The Finance Division announced in a press release that reaching a staff level agreement would trigger the disbursement of the final tranche, amounting to one point one billion dollars, subject to the approval of the IMF’s Executive Board. This disbursement is eagerly anticipated by Pakistan as it seeks to bolster its economic stability and meet its financial obligations.