Pakistan missed core programme conditions like restricting the net international reserves to negative $4.7 billion by June this year. Pakistan also missed the conditions of not to impose exchange restrictions and discourage multiple currency practices. It also failed to meet the condition of not imposing import restrictions. Out of 10 structural benchmarks set to bring reforms, Pakistan missed seven, showed the report. The IMF has asked Pakistan to increase the BISP beneficiary base to nine million families using the NSER by June next year.

Source: The Express Tribune September 03, 2022 01:16 UTC