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Reuters
Reuters
World
By Ariba Shahid

IMF hoping for board meeting on Pakistan before current program expires

FILE PHOTO: People walk as they shop in a market, ahead of Eid al-Fitr celebrations in Karachi, Pakistan April 19, 2023. REUTERS/Akhtar Soomro

The International Monetary Fund (IMF) remains in touch with Pakistan's authorities in order to pave the way for a board meeting before a financing program expires at the end of June, the IMF mission chief for Pakistan said.

Ordinarily, a board meeting on a review of the program would require a prior staff-level agreement, which in Pakistan's case would unlock $1.1 billion in financing for the cash-strapped South Asian nation as part of a $6.5 billion IMF package.

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