Pakistan's performance on track, IMF says ahead of Dec 19 meeting

The International Monetary Fund (IMF) has said that Pakistan met all prior actions and performance criteria under the $6 billion programme.

"The IMF has a $6 billion programme to support Pakistan's economic reforms. We had a mission there in November for a preliminary assessment of where we think Pakistan stands. The programme is on track and we reached a staff-level agreement on what we call the first review," said Communications Department Director Gerry Rice said in a statement.

The IMF Executive Board would meet with the Pakistani authorities on December 19 to consider the staff level report and approval of the second tranche of about $450 million under the $6 billion Extended Fund Facility (EFF).