Pakistan
IMF to hold meeting with PTI chief on bailout deal
The IMF Resident Representative Esther Perez Ruiz says that the meetings with political parties are to “seek assurances of their support for the key objectives and policies under a new IMF-supported program ahead of the approaching national elections.”
Islamabad: The International Monetary Fund (IMF) is seeking support of Pakistan’s political parties, including former Former Prime Minister of Pakistan, for a recently announced $3 billion bailout programme, an IMF official said in a statement on Friday.
The IMF’s resident representative Esther Perez Ruiz said in a statement that the meetings with political parties were to “seek assurances of their support for the key objectives and policies under a new IMF-supported program ahead of the approaching national elections.”
Pakistan is scheduled to hold national elections by early November. The new bailout programme, a nine-month stand-by arrangement, is going to be taken up by the lender’s board on July 12.
The development was confirmed by PTI’s Hammad Azhar on Twitter.
“An IMF team will call on Party Chairman at Zaman Park this afternoon,” he wrote on Twitter.
Both PTI’s economic team and the IMF team will join, in person and virtually, to take part in the discussions.