[vc_row][vc_column][vc_column_text dp_text_size=”size-4″]The US State Department reiterated firm support for Pakistan’s economic strengthening, including engagements with the International Monetary Fund (IMF).
During a news briefing, spokesperson Matthew Miller emphasized this commitment, responding to a journalist’s inquiry about aiding Islamabad’s economic recovery.
Read more: Pakistan Obtains $149.7M From World Bank For Digital Economy Initiative
Miller affirmed US backing for Pakistan’s economic stabilization, stressing the importance of IMF agreements.He dismissed suggestions that financial assistance might divert to Pakistan’s missile program.
Moreover, he urged Pakistan to prioritize and expand economic reforms, emphasizing unwavering US support for its prosperity.The spokesperson assured ongoing US-Pakistan engagement, including technical collaborations and trade enhancement efforts, as key bilateral priorities.
Previously, the IMF’s Executive Board approved a $1.1 billion loan to Pakistan, concluding a $3 billion Stand-by Arrangement.
The IMF announced the completion of the program’s second and final review, allowing an immediate disbursement of SDR 828 million (approximately $1.1 billion), totaling SDR 2.250 billion (approximately $3 billion) disbursed.[/vc_column_text][/vc_column][/vc_row]
