IMF and Pakistan Reach Agreement on First Review of Stand-By Arrangement, Unlocking Access to $700 Million

ISLAMABAD: The International Monetary Fund (IMF) and Pakistani authorities have reached a staff-level agreement on the first review under Pakistan’s Stand-By Arrangement (SBA). The agreement, subject to approval by the IMF’s Executive Board, will grant Pakistan access to SDR 528 million (approximately US$700 million). Led by Nathan Porter, an IMF team visited Islamabad from November…