Pakistan, IMF fail to reach agreement

Islamabad: Pakistan and the International Monetary Fund (IMF) have failed to reach a staff level agreement for the revival of the $6 billion programme under External Financing Facility (EFF).

Talks between Pakistan and International Monetary Fund for revival of the Extended Fund Facility Programme have concluded in Doha.

An IMF mission, led by Nathan Porter, held both in-person and virtual discussions with Pakistani authorities on policies to secure macro-economic stability and support sustainable growth in the country.

Later, in a statement, Nathan Porter said the IMF looks forward to continuing its dialogue and close engagement with Pakistan’s government on policies to ensure macroeconomic stability for the benefit all of Pakistanis.

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— Ministry of Finance (@FinMinistryPak) May 26, 2022