IMF has agreed to release the next tranche of $ 500Mn for Pakistan after approving four pending reviews of the country’s economic progress. The approval revives the $ 6Bn IMF program after it remained latent for over a year. The approval followed some tough decisions taken in Islamabad including a steep rise in electricity bills, imposition of PKR 140Bn taxes and agreeing to grant unprecedented autonomy for the central bank.
25/3/2021