Islamabad/Washington, Mar 20 (PTI) The IMF on Wednesday said it has reached a staff-level agreement with the new government in cash-strapped Pakistan on the final review of a USD 3 billion bailout, paving the way for the release of the last USD 1.1 billion tranche from the global lender.
The agreement, however, is subject to the approval of the Executive Board of the International Monetary Fund (IMF) to be held in April.
Pakistan's new finance minister Muhammad Aurangzeb, who assumed charge last week, had said that his priority was to start negotiations with the Washington-based IMF to bail out the country from its financial woes.
