IMF executive board approved $1.3 billion financing for Pakistan despite India’s objections, according to reports. The package includes $1.1 billion under the Extended Fund Facility and $220 million under the Resilience and Sustainability Facility.
IMF officials reportedly praised Pakistan’s performance under the program, describing it as strong. India had attempted to block the approval over concerns about fund usage, but the proposal was passed by majority vote.
The IMF, while noting short-term stability improvements, stressed Pakistan must address weak tax compliance, low revenue collection, and reliance on external financing for long-term economic stability.
Disclaimer: This post is for informational purposes only and is based on publicly available reports. The image is AI generated and is just for reference.
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