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Pakistan aims to finalize a staff-level agreement with the International Monetary Fund (IMF) by June or early July, according to the country's finance minister. The current $3 billion arrangement with the IMF, secured last summer to prevent a sovereign default, is set to expire in late April.
Islamabad seeks a larger, long-term loan to establish enduring macroeconomic stability and provide a framework for implementing structural reforms.
Finance Minister Muhammad Aurangzeb, speaking at a conference in Islamabad, expressed optimism about reaching a staff-level agreement within the specified timeline.
Following his return from Washington, where he led a team to participate in the IMF and World Bank's spring meetings, Aurangzeb highlighted positive discussions held during the visit.
However, he indicated that details regarding the volume and duration of the proposed longer-term program were not yet available.
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