Moody’s noted that Pakistan’s recent staff-level agreement with the IMF, which secured a USD 7 bln EFF Arrangement over 37 months, enhances the country’s funding outlook. However, sustaining reforms is crucial to mitigate liquidity risks. The IMF projects Pakistan’s economy to grow at 3.5% in FY 24/25, slightly below the government’s target of 3.6%, amid slow global economic conditions.