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IMF Approves $1 Billion Deal for Pakistan

  • The IMF and Pakistani authorities have reached a staff-level agreement for a $1 billion extended fund facility.
  • Pakistan has made significant progress in restoring macroeconomic stability over the past 18 months.
  • The new 28-month deal will support Pakistan's climate change mitigation and adaptation efforts.
  • Pakistan's inflation is expected to remain steady in March, following a significant drop in February.
  • The IMF's executive board approval is required for the disbursement, which is largely a formality.

Source: Geo Tv, The News International

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7mo ago
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