The IMF and Pakistan have made significant strides in finalizing a staff-level agreement for a new extended fund facility. Following the completion of a short-term $3 billion program, discussions continue to secure $6 billion in additional financing to support Pakistan's reform efforts.
Pakistan and an International Monetary financial (IMF) mission have made major strides toward an agreement at the staff level for an extended financial facility (EFF), the global lender announced on Friday. The Pakistan Stock Exchange (PSX) gained 556.5 points shortly after the statement was released, closing at 75,670.97 points at 9:41 am,
In its talks held between May 13 to 23 with the Pakistan, the International Monetary Fund Thursday said significant progress has been achieved with regards to reaching a staff-level.