[vc_row][vc_column][vc_column_text dp_text_size=”size-4″]Pakistan and the International Monetary Fund (IMF) have officially commenced discussions regarding a new loan arrangement and the forthcoming budget for the upcoming fiscal year.
Led by Mission Chief Nathan Porter, an IMF team has initiated talks with Pakistan’s economic team, headed by Finance Minister Muhammad Aurangzeb. These discussions are slated to span two weeks as both parties strategize for the upcoming loan program and budget.
Read more: Pakistan Assures IMF No New Fuel Subsidies
Facing financial constraints, Pakistan seeks a substantial bailout package exceeding $6 billion from the IMF to bolster its economy and tackle fiscal challenges.
The economic team of the Finance Ministry has diligently prepared for the negotiations, with a focus on the Extended Fund Facility loan program and the formulation of the national budget.
Esther Perez Ruiz, IMF’s resident representative in Pakistan, highlighted the lender’s intent to offer insights aimed at enhancing governance and fostering sustainable economic development. Finance Minister Aurangzeb underscored the government’s commitment to expanding the tax base through digitalization.[/vc_column_text][/vc_column][/vc_row]
