Islamabad, The Ministry of Finance in Pakistan has reported the early achievement of all targets under the ongoing International Monetary Fund (IMF) program, setting the stage for the final review before the IMF mission's scheduled visit.

According to Zameen.Com, this accomplishment readies Pakistan for the concluding evaluation of its Stand-By Arrangement (SBA) with the IMF, potentially leading to the release of a crucial USD 1.1 billion tranche. Prime Minister Shehbaz Sharif has directed the initiation of preparations for negotiating an Extended Fund Facility (EFF) subsequent to the SBA's termination in April, signifying a proactive approach towards ensuring economic stabilization and growth.

The envisioned EFF program aims at economic stabilization with an emphasis on reducing policy rates and attracting foreign investment. The government is actively working to draw investments via the Special Investment Facilitation (SIF) platform. During the upcoming discussions with the IMF, Pakistan plans to consider various strategies, including climate financing and adjustments to its allocated quota under the EFF program, to foster trust and stabilize the national economy.