Islamabad (Sports Desk): The International Monetary Fund (IMF) will provide Pakistan with an additional loan of $3.6 billion over the next 14 months.
According to documents, the ongoing Extended Fund Facility (EFF) and Resilience and Sustainability Facility (RSF) programs of the IMF have a combined value of $8.4 billion, out of which $4.8 billion has already been released to Pakistan.
The documents state that Pakistan will receive an additional $3.6 billion under these programs during the next 14 months. The next economic review of both programs is expected in September, for which an IMF mission may also visit Pakistan.
According to sources, the economic review will assess various measures, including fiscal discipline, reduction in the budget deficit, increase in tax revenue, and reforms in the tax system.
The IMF has identified reforms in the energy sector, reduction of circular debt, privatization of state-owned enterprises, bringing debt to sustainable levels, and measures to reduce inflation as key conditions for the success of the program.
According to the documents, Pakistan will also have to take reform measures to address risks related to climate change, floods, and droughts.
According to the report, by September 2027, Pakistan will receive a total of $7 billion under the Extended Fund Facility, while $1.4 billion will be provided under the climate-related Resilience and Sustainability Facility program.