The International Monetary Fund (IMF) Executive Board is all set to consider Pakistan’s 37-month Extended Fund Facility Arrangement (EFF) of about $7 billion today (Wednesday).
According to the Fund’s Executive Board’s calendar available on its website, the Board would consider “Pakistan – 2024 Article IV Consultation and Request for an Extended Arrangement under the Extended Fund Facility”.
Finance Minister Muhammad Aurangzeb said the IMF board is likely to approve the program during today’s meeting.
The finance minister expressed optimism, stating that the policy rate has been lowered and investor confidence is on the rise. He also highlighted that government measures are helping to reduce inflation.
“Both inflation and interest rates have decreased,” remarked Finance Minister Aurangzeb, adding that the second phase of the China-Pakistan Economic Corridor (CPEC) is set to begin in Pakistan.
