IMF talks begin with reform gaps
As the International Monetary Fund (IMF) began talks from Karachi, Pakistan managed to show progress on fiscal and monetary numbers, which would lead to the release of loan tranches, but it failed to meet a few conditions related to an increase in spending on education and healthcare and improving governance. In addition to reviewing the implementation of programme conditions till June this year, the IMF mission on Wednesday also simultaneously began Article-IV consultations – a comprehensive and deeper dive to gauge the health of Pakistan's economy.