The International Monetary Fund and Pakistan have reached a staff-level agreement on a bigger than expected $3bn Stand-By Arrangement (SBA), a last-minute rescue package for the country facing an acute balance of payments crisis.
Islamabad was racing against time to unlock $1.1bn under the IMF’s ninth review of a $6.5bn Extended Fund Facility agreed upon in 2019. The programme was due to expire on Friday.
KEEP READING
list of 4 items
list 1 of 4
Pakistan, IMF reach $3bn staff-level agreement
list 2 of 4
Few buyers for Eid camels as record inflation hits Pakistan
list 3 of 4
Pakistan PM Sharif requests IMF release $1.1bn tranche READ MORE
