Tag: currency devaluation

IMF, Pak attain staff-level settlement for launch of $1.1 billion mortgage tranche

21 March 2024 7minutetimer 0 Comments

ISLAMABAD: Pakistan and the Worldwide Financial Fund (IMF) have reached a staff-level settlement for the discharge of $1.1 billion from a $3 billion bailout package deal the cash-strapped nation wanted to avert a sovereign default.The settlement is “on the second and final review of Pakistan’s stabilisation programme”,saidNathan Porter, the pinnacle of the IMF group that […]

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