It is reported that Shaukat Tarin, Adviser to the Prime Minister on Finance and Revenue disclosed that an agreement with the International Monetary Fund (IMF) over the renewal of the $6 billion Extended Fund Facility (EFF) had been attained. The formal treaty would be signed later this week, he added. The standoff between the IMF and Pakistan govt broke after both parties agreed on flexibility in their respective stances regarding granting autonomy to the State Bank of Pakistan (SBP).

Leave a Reply

Your email address will not be published.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

You May Also Like

U.N. chief urges N. Korea to resume denuclearization talks

United Nations: On Nov 4, U.N. Secretary-General Antonio Guterres condemned North Korea’s…

Supreme Court declares PTI eligible for reserved seats

In a major legal victory for the Pakistan Tehreek-e-Insaf (PTI), the Supreme…

Russia blames Europe for gas crisis

London: On Sept 5, the Kremlin blamed the West for triggering the…

Russia sends musicians to frontline to boost morale

Russia says it will deploy musicians and singers to the front lines…