Pakistan, March 29 -- The International Monetary Fund (IMF) and Pakistan have sealed a Staff-Level Agreement (SLA) on the conclusive review of a crucial $3 billion bailout, heralding the disbursement of $1.1 billion upon Executive Board endorsement, the IMF revealed on Wednesday.

This financial infusion, the final instalment of a $3 billion lifeline secured last summer, mitigated the spectre of a sovereign debt crisis. Additionally, Islamabad is angling for an extended fiscal support plan.

The IMF underscored the commendable implementation of the economic program by the State Bank of Pakistan and the transitional government in recent months. It also acknowledged the incumbent administration's commitment to sustaining policy reforms for ...