Pakistan's Finance Minister expects IMF approval of a $7bn, 37-month EFF loan, contingent on financing assurances from development partners.

Pakistan's Finance Minister Muhammad Aurangzeb expressed optimism about the IMF's approval of a $7 billion, 37-month Extended Fund Facility (EFF) loan, scheduled for review on September 25. The deal hinges on securing financing assurances from development partners. Aurangzeb highlighted efforts to boost investor confidence, reduce inflation, and drive economic growth through structural reforms and foreign investments, particularly from China and Saudi Arabia.

September 24, 2024
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