Pakistan, IMF reach agreement to complete review of aid package to restore $ 6 billion loan
The Hindu
The IMF, in a bailout package in 2019, pledged to provide the support under Extended Fund Facility (EFF) when Pakistan’s economy was in a critical stage and badly needed assistance to meet the balance of payment challenge.
Cash-strapped Pakistan and the International Monetary Fund (IMF) have reached a staff-level agreement to complete the sixth review of an assistance package needed to restore the stalled $ 6 billion programme.
The IMF, in a bailout package in 2019, pledged to provide the support under Extended Fund Facility (EFF) when Pakistan’s economy was in a critical stage and badly needed assistance to meet the balance of payment challenge.
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