Pakistan Poised for Successful IMF Review

Pakistan is set for the first review of its $7 billion IMF bailout program, pivotal in stabilizing the nation's economy amid talks between its finance minister and global lenders.

Pakistan is well-positioned for the initial review of its $7 billion bailout program under the International Monetary Fund, according to Finance Minister Muhammad Aurangzeb, speaking to Reuters.

The country's government secured the $7 billion Extended Fund Facility last summer to navigate an economic crisis, a move essential for economic stability and long-term recovery.

Talks with the IMF will be conducted in two rounds, technical and policy level, to review fiscal reforms and policy, as additional discussions for $1 billion in climate financing are underway.

(With inputs from agencies.)