A man walks past the International Monetary Fund (IMF) logo at its headquarters in Washington, US, May 10, 2018. PHOTO: REUTERS/FILEAdditional measures will be needed to bring Pakistan's budget for fiscal year 2022-23 in line with the key objectives of its International Monetary Fund programme, the lender's resident representative in Islamabad said on Monday. "Our preliminary estimate is that additional measures will be needed to strengthen the budget and bring it in line with key programme objectives," Esther Perez Ruiz told Reuters. He, however, added that his government was confident they could adjust the budget to bring the IMF on board and was hopeful of securing a successful review this month. Pakistan is halfway through a $6 billion, 39-month IMF programme that has stalled over the lender's concerns over the status of some of its objectives, including fiscal consolidation.

Source: The Express Tribune June 15, 2022 01:24 UTC