- Sources say a communiqué on the agreement will be published soon.
- The IMF is said to have agreed to Pakistan’s measures took satisfy his terms.
- They say the odds for revival of loan program stalled bright”.
In a few days of uncertainty over revival of stalled International Monetary Fund (IMF) Extended Financing Facility (EFF), Pakistan on Wednesday morning successfully signed a long-awaited deal with in global money creditor, Geo News It is reported with reference to sources in the Ministry of Finance.
Sources said the deal was struck after the government of Pakistan took measures to meet terms and conditions set by the IMF for renewal of $6 billion loan program for country.
body, according to sources. also agreed with in steps taken by Pakistan in terms of in budget for upcoming fiscal year 2022-23 while also accepted budget goals.
After the deal the odds for revival of loan program “very bright”, – said sources in the Ministry of Finance.
latest development comes the day after the federal minister for Income and finance Miftah Ismail pointed to a resurgence of agreement with IMF within a day or two.
“I really hope that the IMF program will be revived. soonfinance minister said in an interview with reporters.
According to sources, the communiqué in this issue will be released soon.
Following a downtrend of Pakistani rupee against United states dollar latest agreement with in global the creditor was of it is essential to govern the country out of ongoing economic crisis.
To fulfill the conditions of IMF, government were forced to take some tough measures, such as a ban on the import of definite items and the removal of subsidies that led to in unprecedented campaign in Fuel prices.
