Islamabad, March 26 -- Pakistan and the International Monetary Fund (IMF) have reached a staff-level agreement on the first review of Pakistan's 37-month USD 7 billion Extended Fund Facility (EFF) and a new 28-month USD 1.3 billion arrangement under the Resilience and Sustainability Facility (RSF), as reported by ARY News following confirmation by both the Pakistani government and the IMF on Tuesday.

According to ARY News, citing a statement by the IMF, the staff-level agreement with Pakistani authorities covers the first review of the EFF and a new RSF arrangement, granting access to approximately USD 1.3 billion over 28 months. Once approved by the IMF's Executive Board, Pakistan will be able to access around USD 1 billion under the EF...