ISLAMABAD: The International Monetary Fund (IMF) delegation is set to visit Pakistan in November to evaluate the country’s economic performance within the context of the ongoing loan programme.
According to local media reports, the upcoming visit by the IMF delegation, slated for November, will primarily revolve around the scrutiny of Pakistan’s economic advancements from July to September. Vital discussions are anticipated to unfold between the representatives of the IMF and the caretaker government.
It is envisaged that Pakistan will be in line to receive the forthcoming tranche of Rs700 million, constituting an integral part of the $3 billion loan programme. Furthermore, there is an expectation that the IMF will allocate approximately $1.8 billion to Pakistan by March 2024, contingent upon the successful completion of two consequential economic reviews.
Adhering to IMF Conditions
Earlier this month, Pakistan effectively fulfilled a noteworthy stipulation outlined by both the International Monetary Fund (IMF) and the Financial Action Task Force (FATF) by ushering in the National Anti-Money Laundering and Counter Financing of Terrorism Authority Bill 2023 through the parliamentary process.
The essence of this bill lies in establishing a National Anti-Money Laundering and Counter Financing of Terrorism Authority, signalling the nation’s resolve to bolster its financial integrity and counter-terrorism efforts.
