Pakistan’s precarious forex currency crisis had entered a crucial stage as IMF’s assistance under Extended Fund Facility (EFF) was not released due to Islamabad’s failure to comply with conditionalities by June 30.
However, the IMF has reached an agreement with Pakistan on policies to be supported by a Stand-By Arrangement (SBA) in providing USD 3 billion, the last minute rescue package for Islamabad’s acute balance of payment crisis.
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