Sources told The Express Tribune that the prime minister had revealed Pakistan’s intentions to sign a follow-up bailout package during his telephonic conversation with the IMF managing director on the weekend. In order to repay $25 billion debt in the next fiscal year, Pakistan has to have an IMF umbrella. But, there a few members of the economic team think that the IMF programme is a necessity at this point in time. Dr Pasha added that the government remained engaged with the IMF at the technical level, and she noted progress on that account. “We have clearly told the IMF managing director (Kristalina Georgieva) that the government wants to complete the programme.

Source: The Express Tribune June 01, 2023 06:39 UTC