IMF Approves $1.2B for Pakistan, Stresses Tight Monetary Discipline

• The IMF approved a $1.2 billion release to Pakistan, bringing the total received under the current bailout to $3.3 billion.
• The funds provide a critical boost to Pakistan, which is recovering from a severe economic crisis.
• The IMF acknowledged Pakistan's significant progress in stabilizing its economy, including improved foreign reserves and growth indicators.
• Despite progress, the IMF urged Pakistan to maintain tight monetary discipline, allow a free-floating exchange rate, and advance energy sector reforms.
• Prime Minister Shehbaz Sharif welcomed the decision, attributing it to the government's reform efforts and effective implementation of IMF-backed measures.

Why It Matters: Pakistan receives vital IMF funds, crucial for its economic stability and recovery.