IMF to revive $6 billion Pakistan funding programme

The logo of the International Monetary Fund (IMF) at the organization's headquarters in Washington, DC. [Courtesy]

The International Monetary Fund (IMF) has said it has reached an agreement with Pakistan that will help revive a stalled $6 billion (over Sh673.5 billion) funding programme for the South Asian country, which faces growing economic challenges.

"The Pakistani authorities and IMF staff have reached a staff-level agreement on policies and reforms needed to complete the sixth review," the IMF said in a statement.