Prime Minister Shehbaz Sharif said on Wednesday that Pakistan is steadily experiencing commitments from its International Monetary Fund (IMF) program but urged lenders to consider the recent flooding of Ms. Flood in the upcoming review of the country.
The Prime Minister made a comment during a meeting with IMF managing director Crystalina Georgieva. United Nations General Assembly In New York.
Prior to comments on its $7 billion expansion fund facility (EFF) on September 25 Officially recognized This May. The review will assess Pakistan’s performance in the March-June 2025 quarter.
But, huge flood In the country, it has hit rural heartlands and industrial centers for the first time in decades, causing billions of dollars in damage while also damaging food supplies, exports and a fragile economic recovery.
Following the meeting between Shehbaz and Georgieva today, the Ministry of Information and Information (PID) issued a statement: “Highlighting that Pakistan is making steady progress in various goals and commitments under the IMF program, but the recent Pakistani economy must be included in the IMF review.”
The government is optimistic around 2026, with the rebound in agriculture and manufacturing growth of 4.2% after the economy stabilized with the International Monetary Fund. Instead, since late June, monsoon rains have been amplified by India’s dam releases and dams, which have flooded the blockbusters of Punjab and Sindh.
Although Waters has not yet retreated in many areas, officials and analysts warn that this hit rate may be better than 2022when one-third of the country is placed underwater, due to the double impact on agriculture and manufacturing.
According to the provincial disaster management data, the Agricultural Monitoring Program report estimates that between August 1 and September 16, at least 220,000 hectares of rice fields were flooded. According to the provincial disaster management, in Punjab, 1.8 million acres of farmland have been flooded.
According to the PID statement, George Wah expressed sympathy for all those affected by the flood.
“She pointed out the importance of damage assessments to basic recovery priorities,” the statement said, adding that the official praised Prime Minister Shehbaz for his commitment to a sound macroeconomic policy and reiterated the continued support of Pakistan’s reforms to ensure sustainable long-term economic growth.
During the meeting, the Prime Minister also praised the long-standing constructive partnership between the IMF and Pakistan.
According to the statement, he promptly supported the IMF’s timely support under a variety of tools, including a $3 billion stent in fiscal 3024, followed by $7 billion EFF and $1.4 billion for the Resilience and Sustainability Facilities (RSF).
“Now, with the system of ingrained structural reform, Pakistan’s economy is showing positive signs of stability and is now moving towards recovery,” the Prime Minister quoted the Prime Minister.
Reuters input.
