IMF probable to announce EFF deal.
Federal Minister of Commerce Syed Naveed Qamar said on Wednesday that the International Monetary Fund (IMF) was likely to announce its staff-level agreement on the Extended Fund Facility (EFF) with Pakistan this week.
"Pakistan has taken all the measures needed to unfreeze a $6.5 billion credit line and expects to clinch the deal 'any day now'," the minister said in an interview with Bloomberg. After formal announcement by the fund, Pakistan will get a $1.2 billion tranche under the EFF.
The minister stated that the IMF agreement would give investors and creditors confidence that "Pakistan's...
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