Pakistan IMF Loan: IMF needs more guarantee from Pakistan, PM Shehbaz insists on meeting the demands – imf needs more guarantee from pakistan pm shehbaz insisting on demands
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What did PM Shahbaz say
The Prime Minister said, the International Monetary Fund had put a condition for arranging funds from friendly countries before signing the staff-level agreement with us. We first tried a month and a half for a rollover. Fulfilled the last condition of IMF by arranging two billion dollars from China and then three billion dollars from Saudi Arabia and UAE. The Prime Minister said the new army chief made efforts to get funds from Saudi Arabia and the United Arab Emirates, and also praised the hard work of Bilawal Bhutto-Zardari and Ishaq Dar in this regard.
Question on IMF agreement
He said his government had inherited an IMF agreement that was in tatters and expressed his determination to overcome these challenges by striking an agreement with the global lender at the earliest. He admitted that the government had to accept the tough conditions set by the IMF as there was no alternative, reports Dawn. Meanwhile, the IMF welcomed the confirmation of bilateral assistance to Pakistan, but sought further assurances with Islamabad to seal the deal.
continuous meeting
The statement said that during the meetings between the Pakistani delegation and IMF staff and management, there was an agreement to maintain strong policies and ensure adequate financing to support implementation efforts. The IMF is supporting these efforts and looks forward to obtaining the necessary financing assurances at the earliest to pave the way for the successful conclusion of the Ninth External Fund Facility Review, Dawn pointed out.
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