Pakistan in talks with IMF for financial assistance

Pakistan and the International Monetary Fund (IMF) are discussing a new short-term - six to nine months - standby arrangement (SBA) worth about $2.5 billion, the remaining part of the Extended Fund Facility (EFF) expiring on June 30, Report informs referring to the Dawn.

This is one of the two options currently under discussion by the two sides after the government met all the conditions and prior actions of the ninth review, and also those relating to subsequent 10th and 11th tranches without disbursement of $2.5 billion funds outstanding since October 2022.

The options have been discussed at the staff level and during recent back-to-back engagements between Prime Minister Shehbaz Sharif and managing director of the IMF, Kristalina Georgieva.