 has given a green signal for the staff-level agreement which likely to be finalized this week){kind=link}
The International Monetary Fund (IMF) has given a green signal for the staff-level agreement.
According to the sources, the staff level agreement with the IMF is likely to be finalized this week.
Sources have said that there has been positive progress in the virtual talks between Pakistan and the IMF.
According to the sources of the Ministry of Finance, the IMF has made significant progress in the negotiations with the economic team. Pakistan has made progress on all the targets given by the IMF.
Read also: Pakistan received $500MN from Chinese bank
Sources say that the IMF has satisfied with the MIFP targets 4 times. Even reaching advance targets before the IMF staff-level agreement.
Last precondition of the IMF has also fulfilled due to the improvement of foreign exchange reserves. So the IMF has given green signal to Pakistan.
Sources in the finance ministry have also said that IMF Governor State Bank Jameel Ahmed has become satisfied with the measures taken, as China’s debt rollover has improved foreign exchange reserves.
It is worth mentioning that Federal Minister for Finance and Revenue Ishaq Dar confirmed that Pakistan has received $500 million from the Industrial and Commercial Bank of China Ltd (ICBC).