IMF Talks Begin Today to Unlock $1.2bn for Pakistan

Pakistan's government and an IMF staff mission will begin formal negotiations today for the fourth review of the $7 billion Extended Fund Facility (EFF) and the third review of the Resilience Support Facility (RSF). The mission, led by Iva Petrova, will stay for almost two weeks, with successful completion expected to unlock approximately $1.2 billion by late November or early December. This disbursement is crucial for Pakistan's foreign exchange reserves and economic stability, potentially strengthening the Pakistani Rupee and influencing local gold prices.

بحوالہ / Source: www.dawn.com