IMF reaches staff-level agreement with Pakistan, unlocks $1.2 billion disbursement

The International Monetary Fund said on Friday it had reached a staff-level agreement with Pakistan on the third review of its Extended Fund Facility and the second review of its Resilience and Sustainability Facility, with the country receiving a disbursement of about $1.2 billion.

Pakistan has been working to implement reforms under the IMF programme, including measures to boost revenue, control fiscal deficits and stabilise its currency, as it seeks to rebuild foreign exchange reserves and restore investor confidence.