Pakistan and the International Monetary Fund (IMF) reached an agreement after 10 days of “tough” parleys. The deal unlocked over a $1 billion loan tranche under Extended Fund Facility (EFF) that had been suspended for the last five months, sources reported. The sources said that a meeting took place between Prime Minister Shehbaz Sharif and the IMF delegation, where the mission informed the premier about the agreement.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Farmers warn of protest if govt fails to announce wheat rates

Farmers in Multan are threatened to stage protest if the government fails…

Pakistan plans to quadruple domestic coal-fired power

Pakistan plans to quadruple its domestic coal-fired capacity to reduce power generation…

Government All Out to Promote Industrial Sector: Fawad

SIALKOT, Oct 11 (APP): Federal Minister for Science and Technology Fawad Hussain…

Pakistan receives $7.8bn in foreign assistance in FY23

A report from the Economic Affairs Division showed that Pakistan received $7.76…