Despite meeting stringent requirements, Pakistan has yet to reach an agreement with the International Monetary Fund (IMF) on a staff-level agreement under the $6 billion Extended Fund Facility (EFF).
Both sides have failed to reach an agreement on the Memorandum of Economic and Financial Policies, according to a piece written in The News (MEFP).
The Pakistani side anticipates that the finance secretary will extend his stay in Washington, DC for the next few days in order to make last-ditch efforts to reconcile and evolve consensus on the MEFP, as well as complete the sixth and seventh reviews, in order to clear the way for the approval of $1 billion under the EFF program.
