IMF praises Pakistan's economic progress under $7B loan, highlighting reforms and new $1.3B climate deal.

The IMF has praised Pakistan's strong performance under its $7 billion loan program, noting that early policy measures have helped restore macroeconomic stability and rebuild investor confidence. The IMF's Resident Representative for Pakistan, Mahir Binici, highlighted the importance of structural reforms, including strengthening tax equity and improving the business climate, for long-term economic sustainability. Binici also welcomed Pakistan's progress on climate-related reforms under a new $1.3 billion Resilience and Sustainability Facility, aimed at enhancing climate resilience. Despite positive outlooks, he cautioned about global economic uncertainties.