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ISLAMABAD: The caretaker government has requested the International Monetary Fund (IMF) to rephase the access date for the second review to March 15, 2024 in the letter of intent (LoI), instead of the original schedule of March 1, 2024 as per July 2023 documents titled, Pakistan request for a Stand By-Arrangement (SBA).

The 15-day delay sought for rephasing of the access date for the second review to March 15, 2024 in the LoI signed by caretaker Finance Minister Shamshad Akhtar and Governor State Bank of Pakistan (SBP) Jameel Ahmad to allow sufficient time to complete our structural agenda.

IMF grants Kenya new $941 million loan

The LoI noted that completion of the final review scheduled for March 2024 will require observance of the quantitative performance criteria (QPCs), indicative targets (ITs), and continuous performance criteria (PCs) with end December 2023 test dates and defined in the Technical Memorandum of Understanding.

Copyright Business Recorder, 2024

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