Morning News: Over $1bn received from IMF - By WE Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Pakistan has received over $1 billion from the IMF as the second tranche under the Extended Fund Facility (EFF), bringing total disbursements under the program to $2.1 billion. This follows the IMF Executive Board&rsquo;s first review of Pakistan&rsquo;s economic progress, which also approved a separate $1.4 billion loan under the Climate Resilience Fund. The EFF, totaling $7 billion over 37 months, aims to support economic stability, structural reforms, and investor confidence. The IMF praised Pakistan&rsquo;s progress despite global challenges, and SBP Governor Jameel Ahmed expressed optimism that foreign reserves will reach $14 billion by June 2025, aided by strong remittances and a current account surplus.</span></li></ul><ul><li><span style="fo...