The IMF confirmed that its board will meet on September 25 to discuss Pakistan’s $7 billion Extended Fund Facility (EFF). Pakistan expected a deal in August after the 37-month program was agreed on in July. To meet IMF demands, the country raised its tax revenue target by 40% and increased energy prices. Pakistan completed a previous $3 billion loan in April and recently received credit rating upgrades from Moody’s and Fitch. IMF spokesperson Julie Kozack expressed satisfaction, announcing the board meeting for September 25.