IMF releases official statement after loan talks

After talks with Pakistan, the International Monetary Fund (IMF) issued an official statement. The declaration attests to Islamabad’s official appeal to the IMF for a new loan programme.
From May 13 to May 23, the IMF mission, headed by Mission Chief Nathan Porter, visited Pakistan and engaged in lengthy talks about the nation’s economic advancements.
The statement underscores the need for equitable tax collection from favoured sectors and shows that the Pakistani government is working hard to raise money.
Pakistan was reassured by the International Monetary Fund (IMF) mission that it will collaborate for sustainable economic progress. The announcement said that the Extended Fund Facility (EFF) programme would help Pakistan’s economy stabilise.