Islamabad, Sep 25: The International Monetary Fund (IMF) Executive Board is set to review Pakistan’s request for a 37-month Extended Fund Facility (EFF) of approximately $7 billion today.
This follows a staff-level agreement reached in July, which was contingent upon meeting certain prerequisites and securing financing assurances from Pakistan’s development partners.
Pakistan has reportedly met all prior conditions, increasing the likelihood of the EFF’s approval.
The IMF has also been reassured about reforms in Pakistan’s power sector and rollover of existing loans by friendly nations. Along with the IMF’s $7 billion package, Pakistan aims to secure an additional $5 billion from other lenders to meet its financial needs.
