Pakistan is likely to sign the staff-level agreement with the International Monetary Fund (IMF) tomorrow

Pakistan has met 90 per cent conditions for the staff-level agreement with IMF. 

Sources said that Pakistan has also abolished the scheme to bring $0.1 million to the country annually and the interest rate has been increased by one per cent. The basic interest rate has been hiked from 21 per cent to 22 per cent. 

The memorandum of economic and financial policies which includes nine tables has been sent to IMF and the financial experts of the IMF will analyze the memorandum now, sources added.

Federal Minister for Finance and Revenue Ishaq Dar said that Pakistan has fulfilled all necessary conditions of the International Monetary Fund (IMF) and “no hurdle is now left” in the signing of a staff-level agreement.

 The staff-level agreement will take place tonight and Finance Minister Ishaq Dar will finalize the staff-level agreement with the IMF.