{"id":95495,"date":"2023-11-16T16:58:26","date_gmt":"2023-11-16T11:58:26","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=95495"},"modified":"2023-11-16T17:30:55","modified_gmt":"2023-11-16T12:30:55","slug":"imf-reaches-agreement-pakistan","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/imf-reaches-agreement-pakistan.html","title":{"rendered":"Energy sector&#8217;s overhaul atop agenda as Pak gets nod from IMF"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Islamabad: The International Monetary Fund (IMF) staff and Pakistani authorities have successfully reached a staff-level agreement on the first review under Pakistan&#8217;s Stand-By Arrangement (SBA), as per news sources on November 15. This achievement, subject to approval by the IMF&#8217;s Executive Board, marks a crucial step forward for the nation&#8217;s economic stability and growth prospects, and prioritization of an overhaul in the energy sector.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/imf-approves-usd-3bn-loan-pakistan.html\" target=\"_blank\" rel=\"noreferrer noopener\">IMF approves USD 3 billion loan for Pakistan<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Upon approval by the IMF\u2019s Executive Board, Pakistan is poised to gain access to an impressive Special Drawing Rights (SDR) worth 528 million (equivalent to approximately USD 700 million), as announced in a statement by the IMF on Wednesday.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Nathan Porter, who led the IMF team during discussions in Islamabad from November 2 to 15, highlighted the significance of this agreement in supporting Pakistan&#8217;s stabilization program. He stated that around USD 700 million (SDR 528 million) will become available to Pakistan upon approval from the board, bringing total disbursements under the program to almost USD 1.9 billion.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The stabilization policies under the SBA have already set the stage for a budding economic recovery in Pakistan. International support and improved confidence, coupled with the steadfast execution of the FY24 budget and adjustments in energy prices, have played key roles in easing fiscal and external pressures. While inflation is expected to decline in the coming months, Porter cautioned that external risks, including geopolitical tensions and changes in commodity prices, still pose challenges. Efforts to enhance resilience against these risks must persist.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/imf-agreement-with-pakistan.html\" target=\"_blank\" rel=\"noreferrer noopener\">Pakistan, IMF reach USD 3bn Stand-by Arrangement Agreement<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Key priorities under the SBA include fiscal consolidation to reduce public debt, the expansion of social safety nets, energy sector reforms, market-driven exchange rates, and building financial sector resilience. The IMF team commended Pakistan&#8217;s commitment to these reforms and expressed gratitude to the Pakistani authorities, the private sector, and development partners for their cooperation during this mission.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The International Monetary Fund (IMF) staff and Pakistani authorities have successfully reached a staff-level agreement on the first review under Pakistan&#8217;s Stand-By Arrangement (SBA), as per news sources on November 15. This achievement, subject to approval by the IMF&#8217;s Executive Board, marks a crucial step forward for the nation&#8217;s economic stability and growth prospects, and prioritization of an overhaul in the energy sector. Read: IMF approves USD 3 billion loan for Pakistan Upon approval by the IMF\u2019s Executive Board, Pakistan is poised to gain access to an impressive Special Drawing Rights (SDR) worth 528 million (equivalent to approximately USD 700 million), as announced in a statement by the IMF on Wednesday. Nathan Porter, who led the IMF team during discussions in Islamabad from November 2 to 15, highlighted the significance of this agreement in supporting Pakistan&#8217;s stabilization program. He stated that around USD 700 million (SDR 528 million) will become available to Pakistan upon approval from the board, bringing total disbursements under the program to almost USD 1.9 billion. The stabilization policies under the SBA have already set the stage for a budding economic recovery in Pakistan. International support and improved confidence, coupled with the steadfast execution of the&hellip;<\/p>\n","protected":false},"author":88,"featured_media":87304,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[20385],"tags":[11728,2371,21797],"persona":[],"class_list":["post-95495","post","type-post","status-publish","format-standard","has-post-thumbnail","category-development-projects","tag-imf","tag-infrastructural-development","tag-international-monetary-fund-imf","cat-20385-id"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>IMF Reaches an Agreement with Pakistan - Zameen News<\/title>\n<meta name=\"description\" content=\"IMF and Pakistani authorities achieve a significant milestone with a staff-level agreement on the first review under Pakistan&#039;s SBA.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/imf-reaches-agreement-pakistan.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMF Reaches an Agreement with Pakistan - Zameen News\" \/>\n<meta property=\"og:description\" content=\"IMF and Pakistani authorities achieve a significant milestone with a staff-level agreement on the first review under Pakistan&#039;s SBA.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/imf-reaches-agreement-pakistan.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-16T11:58:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-16T12:30:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2022\/07\/IMF-Pak.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Muhammad Zohaib Nasir\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Muhammad Zohaib Nasir\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"IMF Reaches an Agreement with Pakistan - Zameen News","description":"IMF and Pakistani authorities achieve a significant milestone with a staff-level agreement on the first review under Pakistan's SBA.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/imf-reaches-agreement-pakistan.html","og_locale":"en_US","og_type":"article","og_title":"IMF Reaches an Agreement with Pakistan - Zameen News","og_description":"IMF and Pakistani authorities achieve a significant milestone with a staff-level agreement on the first review under Pakistan's SBA.","og_url":"https:\/\/www.zameen.com\/news\/imf-reaches-agreement-pakistan.html","og_site_name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","article_publisher":"https:\/\/www.facebook.com\/ZameenPK","article_published_time":"2023-11-16T11:58:26+00:00","article_modified_time":"2023-11-16T12:30:55+00:00","og_image":[{"width":1170,"height":400,"url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2022\/07\/IMF-Pak.jpg","type":"image\/jpeg"}],"author":"Muhammad Zohaib Nasir","twitter_card":"summary_large_image","twitter_creator":"@ZameenProperty","twitter_site":"@ZameenProperty","twitter_misc":{"Written by":"Muhammad Zohaib Nasir","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.zameen.com\/news\/imf-reaches-agreement-pakistan.html#article","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/imf-reaches-agreement-pakistan.html"},"author":{"name":"Muhammad Zohaib Nasir","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/3151a12b88809f78b4962fae945c74e6"},"headline":"Energy sector&#8217;s overhaul atop agenda as Pak gets nod from IMF","datePublished":"2023-11-16T11:58:26+00:00","dateModified":"2023-11-16T12:30:55+00:00","mainEntityOfPage":{"@id":"https:\/\/www.zameen.com\/news\/imf-reaches-agreement-pakistan.html"},"wordCount":327,"commentCount":0,"publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"image":{"@id":"https:\/\/www.zameen.com\/news\/imf-reaches-agreement-pakistan.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2022\/07\/IMF-Pak.jpg","keywords":["IMF","infrastructural development","International Monetary Fund (IMF)"],"articleSection":["Infrastructure"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.zameen.com\/news\/imf-reaches-agreement-pakistan.html#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.zameen.com\/news\/imf-reaches-agreement-pakistan.html","url":"https:\/\/www.zameen.com\/news\/imf-reaches-agreement-pakistan.html","name":"IMF Reaches an Agreement with Pakistan - Zameen News","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.zameen.com\/news\/imf-reaches-agreement-pakistan.html#primaryimage"},"image":{"@id":"https:\/\/www.zameen.com\/news\/imf-reaches-agreement-pakistan.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2022\/07\/IMF-Pak.jpg","datePublished":"2023-11-16T11:58:26+00:00","dateModified":"2023-11-16T12:30:55+00:00","description":"IMF and Pakistani authorities achieve a significant milestone with a staff-level agreement on the first review under Pakistan's SBA.","breadcrumb":{"@id":"https:\/\/www.zameen.com\/news\/imf-reaches-agreement-pakistan.html#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.zameen.com\/news\/imf-reaches-agreement-pakistan.html"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/imf-reaches-agreement-pakistan.html#primaryimage","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2022\/07\/IMF-Pak.jpg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2022\/07\/IMF-Pak.jpg","width":1170,"height":400},{"@type":"BreadcrumbList","@id":"https:\/\/www.zameen.com\/news\/imf-reaches-agreement-pakistan.html#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.zameen.com\/news"},{"@type":"ListItem","position":2,"name":"Energy sector&#8217;s overhaul atop agenda as Pak gets nod from IMF"}]},{"@type":"WebSite","@id":"https:\/\/www.zameen.com\/news\/#website","url":"https:\/\/www.zameen.com\/news\/","name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","description":"","publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.zameen.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.zameen.com\/news\/#organization","name":"Zameen.com","alternateName":"Zameen","url":"https:\/\/www.zameen.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","width":600,"height":300,"caption":"Zameen.com"},"image":{"@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ZameenPK","https:\/\/x.com\/ZameenProperty","https:\/\/www.instagram.com\/zameenpk\/"]},{"@type":"Person","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/3151a12b88809f78b4962fae945c74e6","name":"Muhammad Zohaib Nasir","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2023\/07\/WhatsApp-Image-2023-07-12-at-8.18.24-AM-96x96.jpeg","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2023\/07\/WhatsApp-Image-2023-07-12-at-8.18.24-AM-96x96.jpeg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2023\/07\/WhatsApp-Image-2023-07-12-at-8.18.24-AM-96x96.jpeg","caption":"Muhammad Zohaib Nasir"},"description":"As a graduate in English Literature, Zohaib believes that words are not just a mere figment of imagination. It takes wisdom to be good at them. Following this reason, he is pursuing his career as Public Relations and Content Specialist at Zameen.com.","url":"https:\/\/www.zameen.com\/news\/author\/zohaib-nasir"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/95495","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/users\/88"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/comments?post=95495"}],"version-history":[{"count":2,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/95495\/revisions"}],"predecessor-version":[{"id":95501,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/95495\/revisions\/95501"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media\/87304"}],"wp:attachment":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media?parent=95495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/categories?post=95495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/tags?post=95495"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/persona?post=95495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}