Bloomberg, an organization monitoring the economic situation, says that the staff level agreement with the IMF has improved Pakistan’s funding.
According to Bloomberg, the meeting of the IMF board will be held today to approve a loan of 3 billion dollars for Pakistan.
The organization monitoring the economic situation says that the staff level agreement between Pakistan and the IMF has been reached, Pakistan is making efforts to solve its economic problems.
Bloomberg has said that Saudi Arabia has deposited 2 billion dollars, Pakistan has to pay 23 billion dollars in fiscal year 2024.
According to the economic monitoring body, Pakistan’s payments are 6 times more than its foreign exchange reserves.
Bloomberg added that IMF funding was suspended due to the implementation of necessary reforms and the political situation.
Bloomberg, an organization that monitors the economic situation, also says that Pakistan’s dollar bond has increased by 27% after the staff level agreement.
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