The PTI government took a number of tough decisions to get the IMF programme back on track. Among the more significant ones are the amendments in the Nepra Act and the full autonomy given to the State Bank of Pakistan. The amendments to the State Bank Act take the government out from the processes that decide the price of money, like interest rates and the exchange rate. What is more, the State Bank will be debarred from lending directly to government. The IMF programme framework has now been extended closer to the completion of the PTI’s five-year term in August 2023 instead of the originally planned September 2022.

Source: Pakistan Today March 25, 2021 18:11 UTC