The IMF Director of Communications said that the focus currently is on completing the ongoing Stand-By Program, which is ending in April 2024, a mission for the second review of the Stand-By Program will be dispatched immediately after the formation of the new cabinet in Pakistan.
Addressing a press conference in Washington, IMF Director of Communications Julie Kozek said completing the existing standby arrangement is a priority, looking forward to working with Pakistan’s new government to ensure economic stability.
Earlier it emerged that the newly-elected PML-N-led government has decided to avail a fresh IMF loan program, and the Ministry of Finance has initiated actions on the directives of the premier.
Pakistan is expected to approach the international lender for a $6–8 billion loan package, and the IMF will be contacted right once to begin discussions for this.
The sources went on to say that the IMF will have tighter requirements this time.
The PTI, formed by Imran Khan, was reportedly requested by the International Monetary Fund (IMF) to take the nation’s political stability into consideration in any upcoming bailout negotiations last week.
PTI has issued a letter outlining its position to the IMF, according to international news agency Reuters. Two senior party insiders added that further information will be released at a later time.
