Positive Progress in Pakistan-IMF Talks; Reform Measures Praised

Islamabad: The International Monetary Fund (IMF) has acknowledged positive progress in its ongoing negotiations with Pakistan and praised the country’s reform initiatives, according to a statement issued following recent discussions.

The IMF said that the talks between the two sides have been constructive and encouraging, with the consultation process expected to reach its final stage within the next few days.

According to reports by private television channels, the negotiations, held from February 25 to March 11, involved detailed discussions on various economic issues. The global financial institution lauded Pakistan’s progress on reforms and environmental measures. However, a staff-level agreement under the $7 billion Extended Fund Facility (EFF) has not yet been finalized.

The statement highlighted that Pakistan has made progress on its reform agenda and that climate change-related initiatives were also discussed. The IMF noted that overall program implementation has continued according to agreed commitments, including measures to reduce fiscal deficits and strengthen the public financial system.

Discussions also covered energy sector reforms, measures to improve efficiency, and other economic aspects. Social protection programs, as well as increased spending on health and education, were also part of the agenda.

The IMF emphasized the need to maintain a strict monetary policy to control inflation. The talks additionally reviewed the economic impact of ongoing regional tensions and conflicts in the Middle East, assessing how these developments could affect Pakistan’s economy.

The IMF concluded that both sides expect to finalize the consultation process in the coming days.