Islamabad May 28 2022: Minister for Finance and Revenue, Miftah Ismail here on Saturday said that the staff level agreement with International Monetary Fund would be signed next month (June).
Addressing a press conference here, the minister said that the funds under the Extended Fund Facility (EFF) would be released after final approval by the IMF board. The minister was flanked by Minister of State for Finance, Ayesha Ghous Pasha.
Miftah said that the fund, which had to provide $3 billion, has been requested to extend the program by one year and provide additional $2 billion, adding accordingly the country expects around $5 billion from the fund.
He said, that the programme with IMF was not important just because the country gets money from the fund rather, it is important because it opens ways for getting funds from other multilateral organization like Word Bank and Asian Development Bank.
He said, once unlocked by IMF, Pakistan would get money from multilateral organization adding that around $8.9 billion were already in pipeline from World Bank.
