Islamabad, November 22
The International Monetary Fund (IMF) said on Monday it has reached a staff-level agreement to revive stalled funding for Pakistan.
“The Pakistani authorities and IMF staff have reached a staff-level agreement on policies and reforms needed to complete the sixth review,” the IMF said in a statement.
It said completion of the review would make available SDR 750 million, or approximately $1.059 billion, bringing total disbursements so far to about $3.027 billion.
Pakistan entered a $6 billion funding programme with the IMF in 2019, however, the funding stalled earlier this year due to reforms issues. Reuters
(The article is generated from The Tribune via feeds, The Chenab Times staff didn’t wrote this news.)
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