In a most anticipated event, Pakistan authorities have reached Staff Level Agreement (SLA) with International Monetary Fund (IMF) for a new 37 months Extended Funded Facility (EFF) of US$7 billion. This new program aims to strengthen the macroeconomic stability and set the road for resilient and inclusive growth. This agreement will now be followed by board approvals which normally takes couple of weeks after the SLA.

The press release issued by IMF conditions this agreement to timely confirmation of necessary financing assurances from Pakistan’s development and bilateral partners.

Some of the key milestones........

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