International Monetary Fund says it has reached an agreement on economic policies with Pakistan for a Three-Year Extended Fund Facility for six billion dollars.

According to a statement of the IMF, the Extended Fund Facility arrangement aims to support the strategy for stronger and more inclusive growth by reducing domestic and external imbalances, removing impediments to growth, increasing transparency, and strengthening social spending.

The statement says an ambitious structural reform agenda will supplement economic policies to rekindle economic growth and improve living standards.