By Admin 
The International Monetary Fund (IMF) confirmed on Thursday that its Executive Board will review Pakistan’s $7 billion Extended Fund Facility (EFF) on September 25.
IMF spokesperson Julie Kozack announced during a press briefing, “The Board meeting is scheduled for September 25 and is happening after Pakistan secured the necessary financial assurances from its development partners.”
In July, the IMF and Pakistani authorities reached a staff-level agreement for a 37-month, $7 billion Extended Fund Facility (EFF) arrangement, pending approval from the IMF’s Executive Board.
Earlier in the day, State Bank of Pakistan (SBP) Governor Jameel Ahmad said that Pakistan has arranged $2 billion in external financing for the IMF program, paving the way for Board approval later this month.