NewsIMF Resumes Pakistan’s Loan Program

February 17, 2021Zayn0

IMF resumes loan program Pakistan and IMF agree to resume 6 billion loan program, with IMF board approval Pakistan will get 500 million Pakistan State Bank and NEPRA Will change the rules of sovereignty and implement the action plan of the Financial Action Task Force.

Pakistan and IMF agree to resume loan program Pakistan and IMF have agreed to complete the second to fifth review negotiations of the 6 billion loan program, after which Pakistan will be given the next tranche of 500 million. IMF says coronavirus before Pakistan’s economy was recovering the loan program most targets were met coronavirus of the loan program after the air coronavirus Pakistan had changed the priorities of the coronavirus spend more on the social sector.

The IMF says the government steps in Corona plague the economy less impact had been remitted to the external sector improved central bank’s monetary and exchange policies have Coronavirus contributed the virus bank’s policies Micro-economic policies of the economy need to be careful because of the low coronavirus has damaged the IMF presented the coronavirus due to rescheduling of the loan program.

The IMF says Pakistan is trying to achieve other goals of the loan program. The government is legislating for the autonomy of NEPRA and the State Bank of Pakistan. The law has been assured to reduce the losses of state-owned enterprises. Efforts are being made to audit the expenditure of the virus. The government has taken steps to curb the financing of terrorists. The government is implementing anti-money laundering laws. Pakistan will try to complete the action plan of the Financial Action Task Force.

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