{"id":270987,"date":"2022-07-14T09:06:02","date_gmt":"2022-07-14T04:06:02","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=270987"},"modified":"2022-07-14T09:06:02","modified_gmt":"2022-07-14T04:06:02","slug":"pak-finally-reaches-staff-level-agreement-with-imf","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/pak-finally-reaches-staff-level-agreement-with-imf\/","title":{"rendered":"Pak finally reaches staff-level agreement with IMF"},"content":{"rendered":"<p> ISLAMABAD<br \/>\nPakistan and the executive board of the International Monetary Fund (IMF) on Wednesday reached a staff-level agreement that revived the $6 billion Extended Fund Facility (EFF) programme for the country, Bloomberg reported.<br \/>\nThe move comes after the coalition government adhered to all \u201ctough\u201d conditions set by the global lender, including an increase in the price of petroleum products and energy tariffs, among others.<br \/>\nSources told Geo.tv that the official announcement in this regard is expected soon.<br \/>\nThe staff-level agreement will pave way for a $1.2 billion disbursement, which is expected in August.<br \/>\nBloomberg reported that the disbursal would offer relief to Islamabad as the country\u2019s foreign-exchange reserves are depleting so much so that they can only cover less than two months of imports.<br \/>\nIn June, Pakistan and the Fund staff achieved substantial progress to strike a consensus on budget 2022-23 after which the IMF shared a draft Memorandum of Economic and Financial Policies (MEFP).<br \/>\nFinance Minister Miftah Ismail on June 28 announced that Pakistan had received the MEFP from the IMF for the combined seventh and eighth reviews.<br \/>\nThe IMF in June 2019 approved a three-year, $6 billion loan \u201cto support Pakistan\u2019s economic plan, aimed at returning \u201csustainable growth to the country\u2019s economy and improving the standards of living\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD Pakistan and the executive board of the International Monetary Fund (IMF) on Wednesday reached a staff-level agreement that revived the $6 billion Extended Fund Facility (EFF) programme for the country, Bloomberg reported. The move comes after the coalition government adhered to all \u201ctough\u201d conditions set by the global lender, including an increase in the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":267565,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[689,186,20,9538],"class_list":{"0":"post-270987","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-top-news","8":"tag-agreement","9":"tag-imf","10":"tag-pakistan","11":"tag-staff"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pak finally reaches staff-level agreement with IMF<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/pak-finally-reaches-staff-level-agreement-with-imf\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pak finally reaches staff-level agreement with IMF\" \/>\n<meta property=\"og:description\" content=\"ISLAMABAD Pakistan and the executive board of the International Monetary Fund (IMF) on Wednesday reached a staff-level agreement that revived the $6 billion Extended Fund Facility (EFF) programme for the country, Bloomberg reported. The move comes after the coalition government adhered to all \u201ctough\u201d conditions set by the global lender, including an increase in the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/leadpakistan.com.pk\/news\/pak-finally-reaches-staff-level-agreement-with-imf\/\" \/>\n<meta property=\"og:site_name\" content=\"Daily Lead Pakistan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/DailyLeadPak\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-14T04:06:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/leadpakistan.com.pk\/news\/wp-content\/uploads\/2022\/06\/IMF.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"700\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Web Desk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" 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