Hard work for inclusive growth begins

Hard work for inclusive growth begins

As expected, Pakistan has reached a staff-level agreement with the International Monetary Fund (IMF), unlocking $1.2 billion under the Extended Fund Facility (EFF) and Resilience & Sustainability Facility (RSF). This inflow will help strengthen foreign exchange reserves, stabilise the currency, and unlock additional funding from partners such as the ADB, World Bank, IDB, AIIB, and bilateral lenders. It also signals to the global community that s…

IMF agreement offers breathing room, not breakthrough

ISLAMABAD : Pakistan has secured a crucial Staff-Level Agreement with the International Monetary Fund, unlocking $1.2 billion in financial support. This includes $1 billion under the Extended Fund Facility and an additional $200 million from the Resilience and Sustainability Facility. The deal marks a significant step forward in stabilising the economy, though experts caution that true recovery remains elusive. The agreement follows the successf…