islamabad: PRIME MINISTER SHEHBAZ SHARIF IN HIS TWITTER SAID 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. Shehbaz Sharif@CMShehbaz·FollowAlhamdulillah, 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. The new SBA builds on the authorities’ efforts under Pakistan’s 2019 EFF-supported program which expires end-June. Despite the authorities’ efforts to reduce imports and the trade deficit, reserves have declined to very low levels. “The IMF team would like to thank the authorities for the open and constructive dialogue and collaboration that have brought us to today’s successful conclusion

Source: The Nation June 30, 2023 08:20 UTC