{"id":83723,"date":"2023-07-13T03:00:53","date_gmt":"2023-07-12T22:00:53","guid":{"rendered":"https:\/\/pni.net.pk\/en\/?p=83723"},"modified":"2023-07-13T02:32:31","modified_gmt":"2023-07-12T21:32:31","slug":"imf-board-approves-stand-by-agreement-of-3-bln-for-pakistan","status":"publish","type":"post","link":"https:\/\/pni.net.pk\/en\/top-news\/imf-board-approves-stand-by-agreement-of-3-bln-for-pakistan\/","title":{"rendered":"IMF Board approves Stand-by Agreement of $3 bln for Pakistan"},"content":{"rendered":"<p>ISLAMABAD, Jul 12 (APP):The International Monetary Fund (IMF) Executive Board on Wednesday approved the Stand-by Agreement (SBA) for US$ 3 billion for Pakistan, according to a short statement shared by the fund on its website.<\/p>\n<p>Federal Minister for Finance and Revenue, Mohammad Ishaq Dar also shared the news about the development. <\/p>\n<p>The new SBA would support the government\u2019s immediate efforts to stabilize the economy from recent external shocks, preserve macroeconomic stability and provide a framework for financing from multilateral and bilateral partners. <\/p>\n<p>The new SBA will also create space for social and development spending through improved domestic revenue mobilization and careful spending execution to help address the needs of the Pakistani people.<\/p>\n<p>Steadfast policy implementation is key for Pakistan to overcome its current challenges, including through greater fiscal discipline, a market-determined exchange rate to absorb external pressures, and further progress on reforms, particularly in the energy sector, to promote climate resilience, and to help improve the business climate.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD, Jul 12 (APP):The International Monetary Fund (IMF) Executive Board on Wednesday approved the Stand-by Agreement (SBA) for US$ 3 billion for Pakistan, according to a short statement shared by the fund on its website. Federal Minister for Finance and Revenue, Mohammad Ishaq Dar also [&#8230;]<\/p>\n<p>\n","protected":false},"author":2,"featured_media":83724,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[270],"tags":[],"class_list":["post-83723","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>IMF Board approves Stand-by Agreement of $3 bln for Pakistan<\/title>\n<meta name=\"description\" content=\"IMF Board approves Stand-by Agreement of $3 bln for Pakistan\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pni.net.pk\/en\/top-news\/imf-board-approves-stand-by-agreement-of-3-bln-for-pakistan\/\" \/>\n<meta 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