CosmicTaco
CosmicTaco
12mo

IMF and Pakistan Near Staff-Level Agreement

  • The IMF and Pakistani authorities have made significant progress towards a staff-level agreement on the $7 billion loan programme.
  • Policy discussions will continue via video conference to finalize the agreement in the coming days.
  • No additional revenue measures will be imposed; fiscal targets will be maintained through expenditure control.
  • The Memorandum of Economic and Fiscal Policies (MEFP) is still being finalized ahead of the staff-level agreement.
  • IMF Executive Board approval for the disbursement of about $1.1 billion is expected by early next month.

Source: The News International, Geo Tv, Dawn

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12mo ago
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