LAHORE: Pakistan is moving closer to securing a new deal with the International Monetary Fund (IMF) following the successful conclusion of talks between IMF staff and Pakistani officials. While concerns about political instability and debt sustainability persist, the progress in negotiations and Pakistan’s efforts to meet IMF conditions increase the likelihood of approval.
Pakistan has implemented several IMF-mandated reforms, though political and economic challenges remain. The country’s strategic importance and support from key nations like the US, China, and Gulf states may influence the IMF’s decision in its favor.
Despite meeting key criteria, the IMF has raised concerns over subsidies and shortfalls in tax revenue, particularly from traders. However, Pakistan’s rescheduling of some short-term debts and its central bank’s prudent monetary policy have improved its position ahead of the IMF board’s meeting on September 25, 2024.
Story by Mansoor Ahmed
