IMF and Pakistan expected to reach agreement to resume loan programs to Pakistan

According to Agency France-Presse, the International Monetary Fund (IMF) said on the 14th of July that it had reached an agreement with Pakistan to resume a plan to provide Pakistan with a loan of 1.17 billion US dollars.

An IMF statement said Pakistan urgently needs international support for its economy. Policies agreed to by Pakistan and the IMF include strict budget enforcement, continued power sector reforms, the introduction of an active monetary policy to combat inflation, combating corruption and improving social security.

Source: CCTV News