IMF deal will enable Pakistan to achieve economic stability: PM

Islamabad: Prime Minister Shehbaz Sharif Friday said that staff-level agreement of three billion US dollars with IMF will enable Pakistan to achieve economic stability.

Turning to Twitter, he said: “I am pleased to announce that Pakistan has reached a Staff-Level Agreement with the IMF on a nine-month US$3 billion Stand-By Arrangement”.

This agreement will help to strengthen Pakistan's foreign exchange reserves and put the country on the path of sustainable economic growth, he added.

The Prime Minister appreciated the efforts and hard work of Finance Minister Ishaq Dar and his team at the Ministry of Finance for achieving this outcome.

He also thanked Managing Director IMF Kristalina Georgieva and her team at the IMF for their cooperation and collaboration, especially during the course of last week.

Alhamdulillah, I am pleased to announce that Pakistan has reached a Staff-Level Agreement with the IMF on a nine-month US$3 billion Stand-By Arrangement. This Arrangement will help strengthen Pakistan’s foreign exchange reserves, enable Pakistan to achieve economic stability, and…

— Shehbaz Sharif (@CMShehbaz) June 30, 2023