Pakistani delegation arrives US to negotiate with IMF for fresh loan

SuchTV  |  Apr 15, 2024

The Governor State Bank of Pakistan, the secretary Finance, the additional secretary and others are included in the Pakistani delegation.

On arrival at the airport, Ambassador of Pakistan to the United States Masood Khan and the officers of the Embassy of Pakistan welcomed the Finance Minister.

During his stay in US, the Finance Minister will meet IMF and World Bank officials.

Negotiations between Pakistan and the IMF are scheduled for next week, sources report.

According to sources, Islamabad will request the IMF for a new loan programme.

Meetings with international media and think tank representatives are also included in the Finance Minister’s schedule.

Pakistan and the IMF last month reached a staff-level agreement on the second and last review of the $3 billion stand-by arrangement, which, if cleared by the global lender’s board, will release about $1.1 billion to the country.

The IMF’s board is expected to review the matter in late April, but no firm date has been set, a spokesperson said.

More News

Disclaimer: Urduwire.com is only the source of Urdu Meta News (type of Google News) and display news on “as it is” based from leading Urdu news web based sources. If you are a general user or webmaster, and want to know how it works? Read More