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IMF crew to barter final $1.10b after formation of latest govt

by Pakistan Latest News Update

The International Monetary Fund (IMF) will maintain talks with Pakistan’s newly elected authorities for disbursement of the ultimate mortgage tranche underneath SBA, based on well-placed media sources.

Beneath SBA, Pakistan will obtain a closing mortgage tranche of $1.1 billion. The targets set by the IMF have already been met by the caretaker authorities of Pakistan.
The worldwide lender just isn’t ‘interested’ in holding talks with the caretaker authorities for the ultimate mortgage tranche underneath the SBA and has determined to carry negotiations with the elected authorities solely, the sources mentioned.
They additional mentioned the talks between IMF and Pakitan’s newly elected authorities could be held within the final week of February or the primary week of March.
Earlier, the International Monetary Fund (IMF) ‘approved’ a debt rescheduling plan for Pakistan Worldwide Airways (PIA) privatisation،
Based on particulars, the negotiations between the officers of the Ministry of Privatization, the Ministry of Finance, and the IMF have been profitable.
The IMF agreed to pay the curiosity on the PIA mortgage to the federal government of Pakistan for one yr. The federal government pays the Rs280 billion mortgage to the banks at 12 % curiosity for one yr.

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