Chief Editor: Ansar Mahmood Bhatti

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

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