ISLAMABAD: Federal Minister for Finance and Revenue, Dr. Abdul Hafeez Shaikh Tuesday said that the staff-level agreement reached between International Monetary Fund (IMF) and Pakistan was a a good development for the country.

In a tweet, the federal minister shared that Pakistan had reached a staff level agreement with the IMF, saying that overcoming the challenges created by the pandemic had required concerted effort.

"I would like to share that the Government of Pakistan has reached a staff level agreement with the IMF. Overcoming the challenges created by the Pandemic has required concerted effort," he tweeted.

"I would like to thank the Prime Minister for his guidance, and all my colleagues and the IMF staff for their support. This is a good development for Pakistan," he added.