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IMF, Pakistan make ‘significant progress’ on new loan, lender’s mission says


May 24, 2024

An International Monetary Fund (IMF) mission and Pakistan have made significant progress towards reaching a staff-level agreement for an extended fund facility (EFF), the global lender said on Friday. The IMF’s comments helped the benchmark share index scale a record high and breach the key 76,000 level. The IMF has opened discussions with Pakistan on a new loan programme after Islamabad last month …

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