The reports also suggest that the new loan program from IMF is likely to be for the period of more than three years.
Islamabad: The significant progress has been made on the new loan program between Pakistan and the International Monetary Fund (IMF).
According to the media reports, the IMF accepted Pakistan's request for a new loan program.
It is also reported quoting sources in the Ministry of Finance, the IMF delegation will arrive in Pakistan next month for negotiations on the new loan program and the budget proposal for the next financial year.
Pakistan has submitted two appeals to the IMF out of which the request for Extended Fund Facility has been approved, while the second request will be reviewed by the mission during its visit to Pakistan. Pakistan will be able to borrow about $6 billion under the Extended Fund Facility, stated the report.
The reports also suggest that the new loan program from IMF is likely to be for the period of more than three years.
It is pertinent to note that Finance Minister Muhammad Aurangzeb requested the IMF for a new loan program which was approved.
Chat GPT adds a useful feature ‘Tasks’
- ایک گھنٹہ قبل
US to removes Cuba from State Sponsors of Terrorism list
- 4 گھنٹے قبل
25-vehicle convoy carrying relief supplies reaches Parachinar
- 5 گھنٹے قبل
Nvidia’s Jensen Huang hints at ‘plans’ for its own desktop CPU
- ایک گھنٹہ قبل
CTD Punjab arrests 23 terrorists in operations
- 4 گھنٹے قبل
Apple’s latest iPad Mini is down to its lowest price to date
- ایک گھنٹہ قبل
If there was nexus in APS attack, why there was no military trial: SC
- 3 گھنٹے قبل
31 accused indicted in PML-N Lahore office burning case
- ایک گھنٹہ قبل
45pc low-cost electricity announced for EV charging stations
- 30 منٹ قبل
Four Khawarij killed in security forces’ N. Waziristan IBO
- 4 گھنٹے قبل
PM to visit UAE from Feb 11 to 13
- 12 منٹ قبل
The best actually real stuff at CES 2025
- ایک گھنٹہ قبل
