IMF has a $6 billion program to support IMF's economic reforms for Pakistan and the current government is all set to receive its next $452 million tranche.
Adviser to Prime Minister on Finance Dr Abdul Hafeez Shaikh and Governor State Bank of Pakistan (SBP) Dr Reza Baqir on Thursday dispatched a signed letter to the International Monetary Fund (IMF) headquarters for approval of the next payment of $452 million next week.
Back in November an IMF mission made an assessment of Pakistan. As per IMF the current program of Pakistan is on track and have reached a staff-level agreement on what IMF call the first review.
IMF had the preliminary assessment from staff after that mission to Pakistan the board will meet to discuss that first review on Thursday, December 19th.
What that indicates is that all prior actions and performance criteria under the program with Pakistan have been met.
The financing assurances needed for the program to go forward are in place.
