Islamabad, Sep 25: The Extended Fund Facility Arrangement (EFF) of roughly $7 billion for Pakistan is expected to be approved by the International Monetary Fund (IMF) Executive Board, according to State Bank of Pakistan (SBP) Governor Jameel Ahmad on Wednesday. This will open the door for the release of the first $1.1 billion tranche.
The governor told reporters that Pakistan’s current account deficit is probably going to stay at about 1% of GDP. He went on to say that GDP growth will probably be between 2.5 and 3.5 percent, and inflation was predicted to stay at 11.5 percent.
In July of this year, an agreement was made at the staff level between the Pakistani authorities and IMF officials about a 37-month Extended Fund Facility Arrangement (EFF).
