The International Monetary Fund (IMF) has announced that a mission will visit Pakistan this month to discuss a new loan program.
According to Reuters, Pakistan completed a $3 billion short-term program last month that helped stave off defaults, but Prime Minister Shehbaz Sharif’s government has stressed the need for a new long-term program. Is.
The IMF said in an emailed response to Reuters on Sunday that it would “meet in May to discuss budgets, policies and reforms for the fiscal year 2024-25 under a potential new program for the well-being of all Pakistanis.” A mission is expected to visit Pakistan’.
Earlier, Finance Minister Mohammad Aurangzeb had said that it is hoped that a new loan program will be agreed with the IMF in May.
Pakistan is expected to discuss at least a $6 billion program and request additional financing from the IMF under the “Resilience and Sustainability Trust”.
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2024-05-06 05:38:35
