International Monetary Fund (IMF) headquarters in Washington. File photo
"To pave the way for a final review under the current EFF, it is essential to restore the proper functioning of the foreign exchange market," the multilateral lender's resident representative for Pakistan, Esther Perez Ruiz, told the media.
Other factors included passing a budget for the 2024 fiscal year that met program objectives, and securing firm and credible financing commitments to close a $6-billion gap ahead of the board review, she added.
Pakistan Prime Minister Imran Khan’s government vowed to collect more taxes and make cuts in spending in a closely watched budget presented to parliament Tuesday, weeks after reaching a deal with the IMF for a $6 billion bailout.
Pakistan Prime Minister Imran Khan’s government was set to present an austerity-focused budget on Tuesday, weeks after the country reached an agreement with the International Monetary Fund
A delegation of the International Monetary Fund (IMF) arrived in Pakistan on Monday to continue discussions for a relief package. According to adviser and spokesman for the Ministry of Finance, Dr Khaqan Najeeb, the IMF team will meet officials of the Ministry, the Federal Board of Revenue and the State Bank during its visit to Pakistan.
Abdulla Bin Touq Al Marri, Minister of Economy, held a bilateral meeting with Bruno Le Maire, the French Ministry of Economy, Finance and Industrial and Digital Sovereignty,
The Central Bank of the UAE (CBUAE) and the Central Bank of Egypt (CBE) have entered into a Bilateral Currency Swap Agreement between the UAE Dirham (AED) and the Egyptian Pound (EGP).
Dr Thani Bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, held talks with Zafrul Aziz, Minister of Investment, Trade and Industry for Malaysia,