Washington DC September 25 2024: The International Monetary Fund has approved seven billion dollars under the Extended Fund Facility program for Pakistan.
The decision was made during the IMF Executive Board meeting held in Washington.
The move allows for an immediate disbursement of about USD 1.1 billion, according to Pakistan State Bank governor Jameel Ahmad.
Prime Minister Muhammad Shehbaz Sharif has expressed satisfaction over approval of seven billion dollars package by the International Monetary Fund for Pakistan.
In a statement issued from New York, he thanked the friendly countries particularly Saudi Arabia, China and the United Arab Emirates for extending support regarding the IMF package.
The Prime Minister also thanked IMF Managing Director Kristalina Georgieva and her entire team.
The Prime Minister said by the grace of Allah Almighty, process for implementation of economic reforms is vigorously underway.
Shehbaz Sharif said we will continue hard work with the same spirit for achieving target of economic development after economic stability.
He said surge in business activities and investment in Pakistan is a good omen and testimony of the hard work of economic team.
