IMF to visit Pakistan with $7.5bn package on 27 Sept
ISLAMABAD, (DNA) – After the ‘go ahead’ from the US Secretary of State Mike Pompeo, an International Monitory Fund (IMF) team is scheduled to visit Pakistan on September 27 with a bailout package of $7.5 billion.
Sources told that the expected team was coming with a complete program of extended funds to Pakistan which would comprise the second part of the Extended Fund Facility (EFF) arrangement.
Although Pakistan wanted to have a double-digit program, the IMF has agreed to extend only $7.5 billion out of a quota of around $13 billion for Pakistan. The Fund had already contracted a $6.4 billion bailout program in 2013 which completed in 2016
Related News
UNODC, Pakistan join hands to combat smuggling of migrants
ISLAMABAD, APR 26 /DNA/ – The Federal Investigation Agency (FIA) and the Ministry of ForeignRead More
Complete independence impossible without economic stability: COAS
RAWALPINDI, APR 26: Chief of Army Staff (COAS) General Asim Munir on Friday said thatRead More
Comments are Closed