• Fund praises nation’s progress on macro stability, market confidence
• Floods pose challenges; FY26 GDP growth projected at 3.25-3.5pc
• Aurangzeb envisions Pakistan’s ‘East Asia moment’; says country moving away from protectionism to foster competitive industries
WASHINGTON: Pakistan and the International Monetary Fund (IMF) have reached a staff-level agreement on the second review of the country’s 37-month Extended Fund Facility (EFF) and the first review of the 28-month Resilience and Sustainability Facility (RSF).
The agreement, pending approval by the IMF Executive Board, is set to unlock around $1.2 billion in financial assistance, comprising $1bn under the EFF and $200 million under the RSF, bringing total disbursements under the two arrangements to about $3.3bn.
The IMF mission, led by Iva Petrova, conducted discussions from Sept 24 to Oct 8 in Karachi, Islamabad and Washington, DC.
At the conclusion of the discussions, Ms Petrova issued the following statement: “The IMF team
Continue Reading on Dawn
This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.