ISLAMABAD: Pakistan will have to comply with the International Monetary Fund’s prior actions for the financial body to approve its $6 billion Extended Fund Facility to the country, Finance Minister Shaukat Tarin announced here on Tuesday. He was addressing the journalists at the launch of Corporate Philanthropy Survey.
Tarin said that Pakistan’s compliance with five prior actions will see the IMF call a board meeting to give a nod to Pakistan’s EFF which is currently suspended since April this year. Tarin emphasised that the IMF deal was done but could not talk about the dates yet.
Pakistan currently faces a challenge in the form of its economy that has been in doldrums ever since the IMF put the EFF on hold. With the resumption of the programme, the government hopes to find some breathing space amidst depleting foreign reserves.