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.”
![IMF to hold meeting with PTI chief on bailout deal](/media/67370/conversions/61fb3c85a3bd2-1280x720.webp)
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.
PTI's economic team has been approached by the IMF to solicit the party's support for the USD 3 BN Stand-By Agreement and its broad objectives.
— Hammad Azhar (@Hammad_Azhar) July 7, 2023
An IMF team will call on Party Chairman Imran Khan at Zaman Park this afternoon. Both PTI's economic team and the IMF team will join, in…
“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.
-
World 1 day ago
Bus accident: Nine killed, 26 injured in Turkey
-
Pakistan 1 day ago
NA passes resolution to confer civil award on Arshad
-
Sports 2 days ago
Javelin Final: Arshad Nadeem sets new Olympic record with 92.97-meter throw
-
Pakistan 1 day ago
PML-N, PPP reach agreement to replace Sindh governor
-
Pakistan 2 days ago
Nepra hikes electricity rates by Rs. 2.56 per unit
-
Technology 1 day ago
Internet services, social media apps slow in Pakistan
-
World 2 days ago
Two powerful earthquakes hit off Japan: USGS
-
Pakistan 15 hours ago
Arshad Nadeem to receive grand welcome at Lahore airport tonight