Imran Khan Open Letter - IMF Response - Khan vs PDM 2.0 | The Wide Side
Pakistan Economic Crisis
In November 2023, the IMF approved the first review of Pakistan's economic program under the SBA. This means that Pakistan met the conditions for receiving the next tranche of funds from the IMF, which was about $700 million.
However, the IMF also warned that Pakistan needs to make further progress on reforms, such as increasing tax revenue and reducing subsidies.
The political situation in Pakistan is currently uncertain, and this could make it difficult for the government to implement the reforms that the IMF is asking for.
In February 2024, Pakistan's election commission announced that general elections would be held in October 2023. The IMF has said that it will continue to work with Pakistan, regardless of the outcome of the elections.
