KARACHI :The International Monetary Fund (IMF) is preparing to discuss Pakistan's budget plans for the coming financial year, as part of a long-awaited financing injection from the lender for the cash-strapped nation, the IMF's country mission chief said on Thursday. Negotiations over key budget targets such
KARACHI :The International Monetary Fund is preparing to discuss Pakistan's budget plans for the coming financial year, as part of a long-awaited financing injection from the lender for the cash-strapped nation, the IMF's country mission chief said on Thursday.
On Thursday, Finance Minister Mohammad Ishaq Dar reiterated that Pakistan has already complied with all the prior actions for the 9th review with the IMF. The United Arab Emirates, Saudi Arabia, and China came to Pakistan's assistance with funding in March and April. The money is a part of a $6.5 billion bailout package the IMF approved in 2019, which is due to end in June, prior to the budget. So far, Pakistan has received $3.9 billion during the current programme up until its 8th review.
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