Islamabad(Business Reporter);The International Monetary Fund (IMF) Executive Board is expected to convene in mid-August to finalize the approval of a $7 billion bailout package for Pakistan ¹. Here are some key points about the bailout package:
IMF Executive Board to Meet in Mid-August: The International Monetary Fund (IMF) Executive Board is expected to convene in mid-August to finalize the approval of a $7 billion bailout package for Pakistan.
Staff-Level Agreement Reached: A staff-level agreement was reached between Pakistan and the IMF on July 12, paving the way for the approval of the bailout package.
Bailout Package Aims to Enhance Macroeconomic Stability: The $7 billion bailout package aims to promote macroeconomic stability in Pakistan, address economic distortions, and promote private sector-led growth.
Pakistan’s GDP Set to Increase by 3.5 Percent, Says IMF
Pakistan to Receive $7 Billion Over 37 Months: The bailout package will provide Pakistan with $7 billion over a period of 37 months, subject to the approval of the IMF Executive Board.
Approval Subject to External Financing Assurances: The approval of the bailout package is subject to Pakistan securing assurances of external financing from its development and bilateral partners.
IMF Board Approval to Bring Much-Needed Macroeconomic Stability: The approval of the bailout package is expected to bring much-needed macroeconomic stability to Pakistan, address economic challenges, and promote growth.
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