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The International Monetary Fund (IMF) and cash-strapped Pakistan on Tuesday reached an agreement over reforms paving the way for imbursement of USD 500 million as part of revival of a stalled bailout programme, the finance ministry said. The IMF had agreed in 2019 to provide Pakistan USD 6 billion under a 39-month Extended Fund Facility (EFF) arrangement but it was disrupted due to COVID-19 pandemic last year. Advisor on Finance Dr Abdul Hafeez Shaikh announced on social media that the agreement was reached at a stall-level meeting between the two sides. I would like to share that the Government of Pakistan has reached a staff level agreement with the IMF. Overcoming the challenges created by the pandemic has required concerted effort, he tweeted. ....
End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a mission. The views expressed are those of. ....
Agreement with IMF, a good development for Pakistan: Hafeez Shaikh dunyanews.tv - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dunyanews.tv Daily Mail and Mail on Sunday newspapers.
China bails out Pakistan to repay $1b Saudi debt By Monday Dec 14, 2020 China has agreed to immediately provide $1 to $1.5 billion financing line to Pakistan. Photo: Geo. tv/File China bails out Pakistan again Last tranche of Saudi debt to be paid next month Pakistan repaying KSA debt ahead of schedule ISLAMABAD: China has agreed to immediately provide $1 to $1.5 billion financing line to Pakistan, allowing Islamabad to repay $1 billion to the Kingdom of Saudi Arabia this week. This is the second time China has come to Pakistan s rescue. Earlier this year, Islamabad repaid $1 billion to KSA in the first quarter of the current fiscal year. With the latest repayment, Pakistan has so far repaid $2 billion out of the total $3 billion debt. Islamabad had paid mark up of over 3 percent on SAFE deposit. ....