IMF agenda for a $7 billion loan is not met by Pakistan.

In addition to Denmark, Vietnam, and Uganda, the board will be discussing seven different countries as part of its agenda.

Whenever Pakistan satisfies the remaining prerequisites, there will be a meeting scheduled to discuss the country.

The administration is hopeful about reaching the requirement of getting an additional $2 billion in external financing in the near future, according to sources belonging to the Ministry of Finance.

Efforts have been stepped up to roll over debts totaling $12 billion that are owing to Saudi Arabia, China, and the Philippines. In addition to the $5 billion owed to Saudi Arabia, Pakistan owes $4 billion to China, and $3 billion to the United Arab Emirates, according to officials from the Ministry of Finance.

Iran is looking to Saudi Arabia for investment and deferred oil payment facilities in addition to the loan rollovers that it is currently pursuing. For the time being, the government is continuing its efforts to obtain loans from commercial banks, international financial institutions, and bilateral countries.

By the 12th of July, Pakistan and the International Monetary Fund (IMF) came to an agreement at the staff level.

Between the 13th and the 23rd of May, a mission from the International Monetary Fund (IMF) traveled to Islamabad and engaged in comprehensive conversations to discuss the progress that the country has made in terms of its economic situation. Chief Nathan Porter led the delegation.

During the mission of the International Monetary Fund (IMF), Pakistan has reaffirmed its dedication to cooperating with other countries in order to achieve sustainable economic growth.

Leave a Reply

Your email address will not be published.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

Back to top button