PM Shehbaz appreciates ‘efforts and hard work of Ishaq Dar’ for securing IMF deal

Prime Minister (PM) Shehbaz Sharif has appreciated efforts of Finance Minister Ishaq Dar and his team at the Ministry of Finance to secure a deal with The International Monetary Fund (IMF).

“Alhamdulillah, I am pleased to announce that Pakistan has reached a Staff-Level Agreement with the IMF on a nine-month US$3 billion Stand-By Arrangement,” the pm wrote in a tweet posted on Friday after news of the deal being finalised came through.

Talking about the economic implications of the staff-level agreement between Pakistan and IMF, Sharif wrote, “This arrangement will help strengthen Pakistan’s foreign exchange reserves, enable Pakistan to achieve economic stability, and put the country on the path of sustainable economic growth, Insha’Allah.”

“I would like to appreciate the efforts and hard work of Finance Minister @MIshaqDar50 and his team at the Ministry of Finance for achieving this outcome. I would also like to thank MD IMF @KGeorgieva and her team at the IMF for their cooperation and collaboration, especially during the course of last week.”

Alhamdulillah, I am pleased to announce that Pakistan has reached a Staff-Level Agreement with the IMF on a nine-month US$3 billion Stand-By Arrangement. This Arrangement will help strengthen Pakistan’s foreign exchange reserves, enable Pakistan to achieve economic stability, and…

— Shehbaz Sharif (@CMShehbaz) June 30, 2023

PM Shehbaz Sharif along with Ishaq Dar will address a news conference regarding the staff level agreement with IMF in Lahore today at 4pm.