IMF, Pak reach staff-level agreement for $1.1 billion loan

Pakistan and the International Monetary Fund (IMF) have clinched a deal for the release of $1.1 billion as part of a $3 billion bailout package. This financial aid aims to prevent Pakistan from defaulting on its debts. The agreement, marking the final review of Pakistan's stabilisation programme, was confirmed by Nathan Porter, the IMF team leader.

Mar 20, 2024 - 21:00
IMF, Pak reach staff-level agreement for $1.1 billion loan
Pakistan and the International Monetary Fund (IMF) have clinched a deal for the release of $1.1 billion as part of a $3 billion bailout package. This financial aid aims to prevent Pakistan from defaulting on its debts. The agreement, marking the final review of Pakistan's stabilisation programme, was confirmed by Nathan Porter, the IMF team leader.