IMF wants to give two billion fifty million dollars of Pakistan’s quota.
Islamabad: Good news has started coming for the economic and financial situation of the country. Matters have been settled in principle between Pakistan and the International Monetary Fund (IMF). Pakistan is expected to get its quota of two and a half billion dollars.
Sources of the Ministry of Finance say that an official announcement from the IMF is expected in the next one or two days. There is only one day left for the IMF’s Extended Fund Facility program for Pakistan to expire, so it is expected that Pakistan will get this amount under the standby arrangement.
After the implementation of the new conditions, the new economic assessment of one billion and twenty million dollars with the IMF is ready for completion, but the government wants the remaining two billion and sixty million dollars of the program to be received from the IMF, but this amount is only It is possible to receive only in case of new program.
Sources say that the Ministry of Finance has suggested to the IMF that if the board meeting could not be held, the program should be extended by 6 months, the size of the standby agreement should be increased to 3.5 billion dollars, however, the IMF will provide two of Pakistan’s quota. He wants to give two million six million dollars to one billion fifty million dollars.
Sources say that Pakistan is expected to receive another $1 billion from the United Arab Emirates (UAE) in the next few days and another $2 billion from Saudi Arabia in July.
If the Ninth Review is not completed, a short-term standby agreement may be entered into with the International Monetary Fund (IMF).
On the other hand, IMF mission chief in Pakistan Nathan Porter has said that negotiations are ongoing to reach an agreement with Pakistan, Pakistan has taken decisive steps in the budget to restore the debt program.
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