- IN SEPTEMBER 2013, THE GOVERNMENT OF PAKISTAN (GOP) AND THE INTERNATIONAL MONETARY FUND (IMF) REACHED AGREEMENT ON A THREE-YEAR, $ 6.68 BILLION EXTENDED FUND FACILITY (EFF). THE 2013 EFF WILL REDUCE RISKS TO THE ECONOMY IN THE SHORT-TERM WHILE ADDRESSING PAKISTAN S UNDERLYING MEDIUM-TERM FISCAL AND MONETARY CHALLENGES AND WILL ULTIMATELY FACILITATE HIGHER AND MORE INCLUSIVE ECONOMIC GROWTH. DURING TECHNICAL DISCUSSIONS OF THE SECOND REVIEW OF THE EFF, HELD IN DUBAI IN FEBRUARY 2014, THE GOP AND THE IMF REQUESTED TECHNICAL ASSISTANCE AND OTHER DONOR SUPPORT IN MEETING NEW STRUCTURAL BENCHMARKS, INCLUDING THOSE RELATED TO PRIVATIZATION OF PUBLIC SECTOR ENTERPRISES (PSE). THIS ACTIVITY WILL SUPPORT THE GOP'S ACHIEVEMENT OF STRUCTURAL BENCHMARKS RELATED TO PRIVATIZATION OF PUBLIC SECTOR ENTERPRISES UNDER THE EFF AND TO ACHIEVE ITS LONGER TERM PRIVATIZATION AGENDA. THIS TWO YEAR ACTIVITY HAS BEEN FUNDED WITH AN AMOUNT OF $4,918,677. AN AMOUNT OF $1,902,520 BEING USED TO INITIATE THE ACTIVITY.