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IMF programme
EDITORIAL: Reports indicate that the visiting International Monetary Fund (IMF) team will reach a staff-level agreement on the fourth review of the ongoing 7 billion dollars Extended Fund Facility (EFF) and the third review of the 1.4 billion-dollar Resilience and Sustainability Facility (RSF) which, once approved by the Fund Board, would lead to disbursement of 1.2 billion dollars – a release that is critical for support of the external value of the Pakistani rupee, ensure that the reserves meet at least three months’ imports, a standard requirement by multilaterals, and ensure the rollovers ...
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