Some progress

THE finalisation of a deal between Pakistan and the IMF on the first Extended Fund Facility programme review and a new arrangement that will enable Islamabad to access additional funds under the Resilience and Sustainability Facility is a much-needed shot in arm for a wobbly economy.

It should also put an end to speculations engendered by departure of the IMF team without signing the customary staff-level agreement. The statement issued by the IMF mission chief after the staff-level agreement...