IMF appreciates PM Imran's swift relief package, says working on emergency fund request

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IMF appreciates PM Imran's swift relief package, says working on emergency fund request

WASHINGTON/KARACHI: The International Monetary Fund (IMF) appreciated Prime Minister Imran Khan's swift relief package, its managing director said in a statement issued Friday, adding that the global body was working on emergency fund request
The International Monetary Fund was working on Pakistan's request for emergency funds to deal with the COVID-19 coronavirus pandemic, its managing director said in a statement issued Friday, adding that it appreciated the country's swift move to offer relief response to the people.
In the statement, IMF MD Kristalina Georgieva noted how Pakistan was working to resolve its economic challenges but lauded Prime Minister Imran Khan's administration for speedily giving the green signal to a relief package worth Rs1.2 trillion, as well as the State Bank of Pakistan (SBP) for its "timely set of measures".

"Prime Minister Khan and his government have swiftly approved an economic stimulus package aimed at containing the spread of the virus and providing support to affected families and businesses," Georgieva said.

"Similarly, the State Bank of Pakistan has adopted a timely set of measures, including a lowering of the policy rate, new refinancing facilities to support the flow of credit, and temporary regulatory relief measures," she added.

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