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IMF team to visit Pakistan for first review of SBA

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ISLAMABAD – International Monetary Fund (IMF) mission will visit Pakistan on November 2 for the first review of current $3 billion Stand-By Arrangement (SBA).

Global lending agency approved loan program in July which helped Pakistan avoid an inevitable default.

Under the SBA, Pakistan received $1.2 billion as the first tranche in July.

IMF team led by Nathan Porter will land in Pakistan on November 2 for the first review under the current SBA.

As per media reports, IMF’s Resident Representative to Pakistan Esther Perez Ruiz confirmed the development last day.

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