IMF review mission commends Pakistan for economic progress -finance ministry
© Reuters. FILE PHOTO: The International Monetary Fund logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas/File Photo
The South Asian nation is operating under a caretaker government after an IMF loan programme, approved in July, helped avert a sovereign debt default. "Nathan Porter, IMF Mission Chief, appreciated the government's commitment to meeting the first-quarter targets, and commended the government's efforts and measures taken in some critical areas," the ministry said.
On Monday, Pakistan's central bank held its key rate at 22%. In its statement it said that a"successful and timely completion of the upcoming IMF-SBA review would help unlock other multilateral and bilateral financing."
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