Engagement with Pakistan on loan deal continues, IMF says

MG News | May 11, 2023 at 09:11 AM GMT+05:00

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May 11, 2023 (MLN): International Monetary Fund (IMF) has remained engaged with Pakistan on securing funding and policy assurances with the goal of reaching an agreement on the ninth review of the $6.7 billion loan agreed in 2019, as Bloomberg reported.

In addition to it, the IMF sees no indication Pakistan wants to pause negotiations on disbursement from the current program.

According to IMF, Pakistan authorities have committed not to introduce fuel cross-subsidy scheme in F23 and beyond.

IMF data shows loan has about $2.6 billion remaining to disburse, with the program expiring at the end of June

On the political front, the fund declined to respond the recent political upheavel and arrest of former Prime Minister Imran Khan, it added.

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