inflation

4 mn readPakistan and the International Monetary Fund (IMF) have signed a $3 billion staff-level standby agreement. According to a press release issued by the IMF, the agreement is expected to be approved by its Executive Board in mid-July. This stand-by agreement will help Pakistan to stabilize its economy, which is currently under external pressure. Pakistan has taken several steps in the last few weeks to revive the IMF program. Apart from the decisions to collect additional taxes in the budget, Prime Minister Mr. Shehbaz Sharif also contacted the top officials of the IMF.