Islamabad: The international Monetary Fund (IMF) has welcomed recent announcements of financial aid to Pakistan from its friends countries.
In an early morning statement, Nathan Porter, IMF Mission Chief to Pakistan, said that the global lender “looks forward to obtaining the necessary financing assurances as soon as possible to pave the way for the successful completion of the 9th EFF (Extended Fund Facility) review”.
The IMF mission chief Pakistan Nehtan Porter said that Pakistani delegation and the IMF recent staff meetings have agreed to retain strong policies.
The IMF chief in Pakistan said that his institution is awaiting necessary financial assurances so that the path for 9th economic review could be cleared.
Porter welcomed “the recent announcement of important financial support to Pakistan from key bilateral partners”, implicitly confirming the UAE and Saudi Arabian commitments. But these commitments are short of the requirements of Pakistan.
IMF Mission Chief to Pakistan further stated that the global lender was supporting Pakistan’s efforts to arrange the loans.
“During the meetings between the Pakistani delegation and IMF staff and management, there was agreement on the need to maintain strong policies and secure sufficient financing to support the authorities’ implementation efforts”, stated the mission chief.
