Following its approval of two loan tranches totalling $1.29 billion, the International Monetary Fund (IMF) has urged Pakistan to continue a tight monetary policy, broaden and simplify its tax regime, adjust power and gas tariffs, and pursue structural reforms to fix the ailing economy. The lender, a day earlier, announced that its Executive Board completed the second review of the Extended Arrangement under the Extended Fund Facility (EFF), allowing the authorities to draw the equivalent of about $1 billion, and the first review of the arrangement under the Resilience and Sustainability Facility (RSF), allowing the authorities to draw the equivalent of about $200 million.
