Pakistan seek yet another good news on the economic front

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Pakistan seek yet another good news on the economic front

ISLAMABAD - Pakistan seek yet another good news on the economic front.

The International Monetary Fund (IMF) has said that Pakistan met all prior actions and performance criteria under the $6 billion programme.

“The IMF has a $6 billion programme to support Pakistan’s economic reforms. We had a mission there in November for a preliminary assessment of where we think Pakistan stands.

The programme is on track and we reached a staff-level agreement on what we call the first review,” said Communications Department Director Gerry Rice said in a statement.

The IMF Executive Board would meet with the Pakistani authorities on December 19 to consider the staff level report and approval of the second tranche of about $450 million under the $6 billion Extended Fund Facility (EFF).