Pakistan, IMF to Resume Talks Tomorrow for Bailout Package

Sat Mar 11 2023
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Web Desk

ISLAMABAD: Pakistan and International Monetary Fund (IMF) will resume the policy level negotiations tomorrow. The technical talks between the Pakistan economic team and IMF concluded on February 4.

In order to ensure the resumption of a loan program, Pakistan and the IMF are set to restart their talks on Monday.

On Thursday, the two sides took a three-day break from the talks to consider their disagreed points.

After a break, talks on the resumption of the $6.5 billion loan program from the IMF will restart on Monday.

According to media reports quoting sources from the Finance Ministry, the State Bank of Pakistan and IMF officials had held talks on Thursday.

Pakistan, IMF policy-level talks

They discussed the points finalized in the Memorandum of Economic and Financial Policies.

The next installment of $1.1 billion from the $6.5 billion loan will be received in April as a staff-level agreement that will likely be inked next week.

Pakistan has reportedly fulfilled all the pre-conditions of the IMF for the staff-level agreement.

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