Cash-strapped Pakistan to hammer out $6.5bn deal with IMF soon, sources
Business
PM office likely to contact international lender in a few days for finalising the deal
ISLAMABAD (Web Desk) — Almost a month after the 'IMF-dictated' budget, Pakistan is expecting to enter a new loan programme after two weeks.
According to the sources, the Prime Minister Office will contact the global lender for reaching a staff-level agreement worth $6-8 billion.
Sources say that Pakistan is trying hard to avail a deal of $8 billion while the IMF has by far agreed to dole out $6.5 billion, adding that the Pakistani authorities have been in contact with the IMF officials for the last three days.
The authorities have said that Pakistan has strictly implemented the suggestions of the IMF in the budget 2024-25. Ergo, the IMF mission is not expected to come to Pakistan.
It must be noted that the finance minister had confirmed on June 30 that Pakistan was negotiating a three-year loan programme valued at $6-8 billion to stave off a debt default.
