The International Monetary Fund (IMF) Executive Board meeting on Pakistan has been planned for July 12, according to an email sent by the lender on Wednesday.

On Friday, Pakistan received a much-needed $3 billion stand-by agreement (SBA) from the International Monetary Fund, providing the South Asian economy with much-needed relief as it teeters on the verge of default.

The IMF Executive Board must approve the staff level agreement on the SBA.

The last Extended Fund Facility terminated on June 30, with the ninth, tenth, and eleventh reviews still outstanding.

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