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Your email address will not be published.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

Govt raises sales tax on CNG supply

The federal government has raised the sales tax on compressed natural gas…

Prices of life-saving drugs hiked

In a major blow to the inflation-hit people of the country, the…