The revival of a USD six billion IMF programme for Pakistan is contingent on the stamp of approval from the IMF’s two departments, the Strategy, Policy and Review Department and the Legal Department, before it is presented to the Fund’s Executive Board.

In background discussions, top official sources mentioned that the IMF’s Executive Board offers consent after receiving clearance of the staff-level agreement and these two major departments.

 

Leave a Reply

Your email address will not be published.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

You May Also Like

Pakistan to continue efforts for regional stability, Naqvi tells Iranian counterpart

Interior Minister Mohsin Naqvi met his Iranian counterpart, Dr Eskandar Momeni, on…

US, allies pose more sanctions

Washington: The United States and its allies on Thursday imposed fresh sanctions…

One more Palestinian killed by Israeli forces in Jenin

The Civil Affairs Authority is reporting that one more Palestinian has been…

Coronavirus: Pakistan positivity rate less than 1% for third consecutive day

The number of daily COVID-19 cases across the country remained below 300…