ISLAMABAD:

After a string of diplomatic successes, there is some good news for Pakistan on the economic front as well. Islamabad and the International Monetary Fund (IMF) have reached a Staff-Level Agreement (SLA) to unlock about $1.2 billion-$1 billion under the Extended Fund Facility (EFF) and $200 million from the Resilience and Sustainability Facility (RSF).

Following the successful completion of the IMF's Stand-By Arrangement and with two reviews of the current programme now cleared, Pakistan seems to have moved past the suspense that once surrounded every staff-level evaluation. The country has been meeting most of its targets without seeking major waivers. Inflation is easing, the rupee has stabilised, foreign-exchange reserves are inching upward, and the government has maintained

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