Pakistan receives MEFP from IMF for combined 7th, 8th reviews: Miftah

ISLAMABAD (PEN) – Federal Minister for Finance Miftah Ismail Tuesday said that Pakistan has received the draft Memorandum of Economic and Financial Policies (MEFP) from the International Monetary Fund for the combined 7th and 8th reviews.

The Finance Minister while making the announcement on Twitter, said that early this morning, the Government of Pakistan has received an MEFP from the IMF for combined 7th and 8th reviews,”.

The draft MEFP is a prerequisite for paving the way for moving towards striking a staff-level agreement.

Earlier, Pakistan reached an agreement with the International Monetary Fund (IMF) for the revival of loan program.

The IMF agreed with Pakistan’s economic measures and the budget targets.

The agreement was reached after the government took measures to satisfy the terms and conditions laid forth by the IMF for the resumption of the $6-billion loan program.