WASHINGTON: The International Monetary Fund (IMF) has advised Pakistan to speed up the process of reforms for economic stability.
According to the details, the Resident Chief of IMF in Pakistan, Esther Perez, urged Pakistan to speed up the process of reforms for economic stability and said that there is a need for timely preparation of the recovery plan in Pakistan.
In his recent statement, Resident Chief Esther Perez said that policy priorities are being discussed with the Pakistani authorities. The International Monetary Fund wants to provide aid to the needy in Pakistan more effectively.
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In the statement, the resident chef of the IMF said that the staff of the IMF is negotiating with Pakistan, and the reform efforts must be accelerated to maintain economic and financial stability. Resident Chief Esther Perez said that it is important to finalize the rehabilitation plan in time to support negotiations along with continued financial support from multilateral and bilateral partners.
Regarding the negotiations with the IMF, Pakistani officials say that the statement clearly indicates that Pakistan and the IMF are negotiating to finalize the macroeconomic and financial framework. Officials said we shared a revised financial framework with the IMF, and disbursements of Rs 103 billion related to flood-related Benazir Income Support and recovery costs will be included in the Rs 150 cap.
