Negotiations between Pakistan and the International Monetary Fund (IMF) on budget proposals have so far not yielded conclusive results; however, the talks were termed constructive, and it was agreed to continue the dialogue.
According to details, the International Monetary Fund has announced that negotiations with Pakistan on the budget will continue. IMF officials have completed their visit to Pakistan. Following the visit, the IMF stated that constructive negotiations were held with Pakistan on next fiscal year’s budget proposals, broader economic policy, and reforms.
Pakistani officials reaffirmed their commitment to financial stability. However, discussions with Pakistan regarding agreement on budget proposals will continue in the coming days. According to the IMF, the negotiations also covered reforms in the energy sector aimed at improving economic sustainability and reducing costs in the energy sector.
Maintaining a tight monetary policy was prioritized, and it was emphasized that to build a strong economy, foreign exchange reserves should increase and the exchange rate should be more flexible.
According to the IMF, the next mission related to the Extended Fund Facility and the Resilience and Sustainability Facility reviews will take place in the second half of this year.
