Print Print 2024-04-15

IMF: economic team leaves for Washington

  • The team will request IMF for approval of a new loan programme
Published April 15, 2024

ISLAMABAD: Pakistan’s economic team led by Finance Minister Muhammad Aurangzeb left for Washington on Sunday to hold talks with the International Monetary Fund (IMF) for a new bailout programme.

Talks between Pakistan and the IMF are scheduled for this week in Washington, wherein the government team will request the Fund for approval of a new loan programme.

The main ministerial meetings and events will be held from April 17-19. Finance Minister and his team’s schedule also include bilateral meetings with the heads of the IMF and the World Bank, as well as, other senior officials of various international financial institutions. He and his team will also hold bilateral meetings with the finance ministers of the friendly countries including China, Saudi Arabia, UAE and Turkiye, attending the annual event.

Economic indicators, other related matters: IMF team takes stock

In a recent press conference, Finance Minister Muhammad Aurangzeb had stated that the government will hold a meeting with the IMF in Washington to discuss the features of the new bailout programme. He said that the government plans to enter a major programme with the IMF which will ensure microeconomic stability.

Copyright Business Recorder, 2024


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Aamir Apr 15, 2024 09:39am
Another loan ...this is an unending miserable situation. Just cut all unnecessary govt expenditures and defense budgets and privatize SOEs. You will not need loans
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Ch K A Nye Apr 15, 2024 11:56am
How many people on this trip? WAGs going along for shopping?
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Amir Nawaz Khan Apr 15, 2024 12:46pm
The financial minister of Pakistan should to talk with IMF to change the rules and to remove Pakistan from current crisis
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Zain Apr 15, 2024 06:11pm
What is this
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Sohail Apr 15, 2024 07:39pm
Bhikaari pohanch gaye
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Dr Idrees Masood Apr 15, 2024 10:14pm
On role of a stabiliser see Charles P Kindleberger. On financial stability, currency convertibility see arguments between Keynes and Harry Dexter White,& 'The Battle of Brettenwoods' by Benn Steil.
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Aam Aadmi Apr 18, 2024 05:40pm
The more Washington trips, the merrier. The longer this circus continues, the better for our government shoppers. IMF should come over to Pakistan to save us some dollars spent on such trips.
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