By Web Desk 
The International Monetary Fund (IMF) is on the verge of approving Pakistan’s $7 billion Extended Fund Facility (EFF) program today, a decision that could significantly change the nation’s economic outlook. This approval is crucial for Pakistan as it grapples with high inflation, a depreciating rupee, and depleting foreign reserves.
The EFF program, if approved, will inject much-needed liquidity into Pakistan’s economy, allowing the government to stabilize its financial situation. The terms of the agreement include strict economic reforms, such as reducing government subsidies, increasing revenue collection, and enhancing fiscal discipline. These measures are essential to gain IMF’s confidence and unlock further financial support.
Experts believe that securing the IMF package will not only bolster foreign reserves but also send a positive signal to international investors and financial institutions. This could pave the way for more bilateral and multilateral assistance, helping Pakistan navigate its economic challenges. The approval is awaited with great anticipation, as it holds the potential to provide relief to the country’s economic hardships.