ISLAMABAD – The government has struck a deal with the InternationalMonetary Fund (IMF) on financial packages for about $6 billion, PM’sAdviser on finance Dr Abdul Hafeez Shaikh announced on Sunday.
He said this while speaking to state-run Pakistan Television (PTV).
The staff level agreement on economic policies, which could be supported bya 39-month Extended Fund Arrangement (EFF), is aimed to support Pakistan’sstrategy for stronger and more inclusive growth by reducing domestic andexternal imbalances, removing impediments to growth, increasingtransparency, and strengthening social spending, said a statement issued onIMFlinkofficial website.
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“An ambitious structural reform agenda will supplement economic policies torekindle economic growth and improve living standards,” the statement read,adding that, “Financing support from Pakistan’s international partners willbe critical to support the authorities’ adjustment efforts and ensure thatthe medium-term program objectives can be achieved.”
