Pro IQRA News Updates.
Islamabad (News Desk) Significant progress has been made in the virtual talks between Pakistan and the IMF, the IMF has given a green signal for the staff level agreement while expressing satisfaction over the steps taken by Pakistan. This agreement will likely be completed this. week. Sources in the finance ministry say that Pakistan has met the conditions for the IMF’s preliminary measures
Since then, there has been positive progress in the Pakistan-IMF virtual talks and the IMF has expressed satisfaction with the preliminary steps, after which a staff-level agreement is likely to be reached this week. Sources say that due to the improvement in foreign exchange reserves, the last condition of the IMF has also been fulfilled, due to the transition of China’s loan, the foreign exchange reserves have improved, while the packages announced for Pakistan by other friendly countries have also been fulfilled. Implementation is likely soon. Sources say that after signing a staff-level agreement with the IMF, the matter will be presented at the meeting of the IMF board for approval of the ninth economic review and the next installment of one billion ten million dollars for Pakistan. approval, the IMF program will also be on track with the release of the next installment to Pakistan.
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