PoliticsNews

Pakistan is likely to receive 700 million dollars from the IMF

The meeting of the IMF executive board will be held on January 11; the next installment will be approved in the meeting, and the approval of the economic review under the $3 billion standby arrangement is also expected.

Pakistan is likely to receive 700 million dollars from the IMF in the next tranche. In this regard, the meeting of the IMF Executive Board has been called on January 11. According to media reports, the IMF has released a new schedule of the executive board meeting for the next loan to Pakistan. Pakistan is likely to receive 700 million dollars from the IMF in the next tranche.

It has been reported that the approval of the economic review under the standby arrangement of 3 billion dollars is also expected in the meeting. It should be noted that in June last year, the IMF’s Executive Board approved a very important 9-month agreement with Pakistan to support Pakistan’s economic stabilization program, which immediately provided $1.2 billion. Dollars were authorized to be released; it was stated that the balance would be released after bi-quarterly reviews in a phased manner over the program period.

According to the news agency, the IMF mission called on authorities to return to market-based exchange rates. It highlighted risks posed by geopolitical tensions, rising commodity prices, and difficult global financial conditions. And advised the authorities to continue their efforts to address it. He pointed out that timely disbursement of scheduled external assistance is essential to support the policy and reform efforts of the authorities as the government is multilateral and the two Increasing engagement with side partners. Similarly, it should be noted that in November 2023, Saudi Arabia had extended the period of 3 billion dollars deposited in the national treasury of Pakistan.

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also
Close
Back to top button