The International Monetary Fund (IMF) Executive Board is expected to approve a $7 billion bailout package for Pakistan in September.
As Per details, Finance Minister Muhammad Aurangzeb said that Government of Pakistan is in contact with the IMF for the approval of the loan agreement.
Also Read: Government fulfills all demands to secure $6bln IMF Bailout deal
“We are making good progress with the IMF for Board approval in September,” Finance Minister Muhammad Aurangzeb said on Wednesday.
Furthermore, the minister assured that all conditions agreed upon with the IMF will be implemented, as discussed in the committee.
The federal minister’s remarks come as the country is so far unable to sign a Letter of Intent (LoI) for making a formal request to the lender’s executive board for considering approval of $7 billion under the Extended Fund Facility (EFF) programme.
Remember that on July 13 Pakistan and the International Monetary Fund reached a three-year, $7 billion aid package deal.
