Senator Irfan Siddiqui on Thursday called on Prime Minister Shehbaz Sharif and paid him tribute on the finalization of deal with International Monetary Fund (IMF) .Senator Siddiqui also lauded the prime minister’s effort for the revival of national economy. Both discussed political situation in the country.
It is pertinent to mention that IMF has transferred $1.2 billion to Pakistan’s State Bank a day after its executive board approved a much-awaited $3 billion bailout facility for the country.
The government reached a stand-by agreement (SBA) over the nine-month financing facility with the international lender after intense negotiations which began earlier this year. The recent approval of the agreement by the IMF executive board came as a sigh of relief for Pakistan amid concerns that it might default on its external financial obligations.
