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LoI signed for IMF standby agreement
BusinessLatest

LoI signed for IMF standby agreement

By Staff Writer

LAHORE: Finance Minister Ishaq Dar and Governor State Bank of Pakistan (SBP) Jameel Ahmad signed a Letter of Intent (LOI) for a nine-month $3 billion standby agreement with the International Monetary Fund (IMF) here on Friday.

Prime Minister Shehbaz Sharif witnessed the signing ceremony whereas Minister for Information and Broadcasting Marriyum Aurangzeb and Punjab Governor Muhammad Balighur Rehman were also present on the occasion.

The IMF had issued the LOI after reaching a staff level agreement for loan programme with Pakistan under the memorandum of economic and fiscal policies.

Staff Writer
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