IMF talks likely to clear way for $1.2bn disbursement

ISLAMABAD: Pakis­tan’s ongoing talks with a visiting staff mission of the International Monet­ary Fund (IMF) are set to conclude on a positive note later this week, paving the way for the disbursement of about $1.2 billion under two concurrent progra­mmes — the $7bn Exten­ded Fund Facility (EFF) and the $1.4bn Resilience and Sustainability Facility (RSF). Informed sources said the two sides were now finalising the Memor­andum of Econ­omic and Fiscal Policies (MEFP) after covering the substantive parameters of the biannual review. Following the completion of the draft exchanges, the staff…