IMF Board to meet on January 28 to revive Pakistan's $6bn bailout package

MG News | January 18, 2022 at 04:07 PM GMT+05:00

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January 18, 2022 (MLN): The International Monetary Fund (IMF) board will meet on January 28, 2022, to revive Pakistan’s $6bn bailout package, Bloomberg reported today.

The review meeting was scheduled for January 12, 2022, however, IMF had postponed it on the request of Pakistani authorities.

Earlier this month, Spokesperson to the finance minister Muzzammil Aslam informed that the finance division had officially requested the IMF to reschedule the meeting of the Board of Directors for the approval of the 6th review till the end of January as Pakistan had been unable to pass Finance (Supplementary) Bill 2021 which was necessary for the fund's release.

on January 13, National Assembly had successfully passed Supplementary Finance Bill and SBP bill with majority votes despite protests by the Opposition over the rejection of their proposed amendments.

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