The importance of Pakistan’s new $7 billion bailout package being implemented consistently is emphasized by the International Monetary Fund (IMF), along with the need to expand the nation’s tax base.
This declaration came after the 37-month Extended Fund Facility (EFF) for Pakistan was approved by the IMF Executive Board and contained a $1 billion payout.
In July, the Pakistani government consented to this agreement, its 24th from the IMF since 1958, in return for enacting controversial changes meant to address the country’s consistently poor tax base.
Shehbaz Sharif, the prime minister, said that this initiative ought to be remembered as the last of its sort.
