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IMF, Pakistan make significant progress on new loan, says IMF mission

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ISLAMABAD, May 24 — An International Monetary Fund (IMF) mission and Pakistan have made significant progress towards reaching a staff-level agreement for an extended fund...

The IMF has opened discussions with Pakistan on a new loan programme after Islamabad last month completed a short-term US$3 billion programme, which helped stave off a sovereign debt default. — Reuters file picISLAMABAD, May 24 — An International Monetary Fund mission and Pakistan have made significant progress towards reaching a staff-level agreement for an extended fund facility, the global lender said today.

An IMF team, led by mission chief Nathan Porter, concluded discussions with the authorities yesterday after arriving in Pakistan on May 13, the lender said in a statement.

 

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