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Second review of Stand-By Arrangement with IMF scheduled from tomorrow in Islamabad

ISLAMABAD: The second review of Stand-By Arrangement with the International Monetary Fund (IMF) is scheduled from tomorrow (Thursday) in Islamabad.

This would be final review of Stand-By Arrangement and staff level agreement is expected after this appraisal. Pakistan has met all structural benchmarks, qualitative performance criteria and indicative targets for successful completion of the IMF review.

According to a press release of the Finance Division, once staff level agreement is reached, final tranche of one point one billion dollar will be disbursed, following the approval of Executive Board of the IMF.

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