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Finance & Markets

Pakistan, IMF reach deal to unlock $1.2 billion tranche

Pakistan and the International Monetary Fund (IMF) on Thursday reached a Staff-Level Agreement (SLA) on the fourth review of the 37-month Extended Fund Facility (EFF) and the third review of the 28-month Resilience and Sustainability Facility (RSF), paving the way for Pakistan to access about $1.2 billion from the Fund’s resources. The staff-level agreement is […]

We haven't written up this one. Daily Times has the full story — the link below goes straight to it.

Read the original at dailytimes.com.pk →

More in Finance & Markets

Japan's August Current Account Surplus Exceeds 4 Trillion Yen, Up 12%

Japan recorded a current account surplus of 4.062 trillion yen in August, an increase of 12% from a year earlier, driven primarily by a sharp rise in income from overseas investments, even as higher…

  • Japan's August current account surplus exceeded 4 trillion yen, a 12% increase.
  • Higher overseas investment income drove the surplus growth.
  • Trade balance turned deficit due to rising crude oil prices.

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