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Pakistan and International Monetary Fund (IMF) have successfully completed the negotiations on the Sixth Review under the 3-year Extended Fund Facility (EFF) programme for an amount of 6.64 billion dollars.          

Talking to media along with IMF Chief Jeffrey Franks in Dubai on Thursday [February 5], Finance Minister Ishaq Dar said that this will enable IMF to go to their board for the release of seventh tranche of about 518 million dollars.

The Minister said completion of the Sixth Review is an indicative of government's commitment in implementing structural reforms. He said economic activities continue to improve and better growth is expected from agriculture sector.

He said stable growth in workers' remittances and low oil prices helped to contain the current account deficit in the balance of payments.            

The Finance Minister said performance of the banking sector remained robust.             

Jeffrey Franks lauded performance of the Government in achieving various benchmarks and economic targets.


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