Economy: IMF approves USD 2.4Bn in funding for Pakistan - By Taurus Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The IMF Executive Board has approved immediate disbursement of the next EFF tranche of ~USD 1Bn to Pakistan. In addition, the IMF has also approved USD 1.4Bn to Pakistan under the Resilience and Sustainability Facility (RSF) under climate financing.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The IMF has acknowledged Pakistan&rsquo;s policy efforts so far under the EFF as having delivered &rsquo;significant progress&rsquo; in stabilizing the economy and rebuilding confidence. On the fiscal side, Pakistan remains on track to achieve the Primary Surplus target for FY25 of 2.1% of GDP. While, gross FX reserves are also expected to reach USD 13.9Bn by Jun&rsquo;25 close.</span></li></ul><ul><li><sp...