IMF in Talks with Pakistan for New Loan Package

The International Monetary Fund (IMF) is currently in discussions with Pakistan regarding a potential new loan package. The IMF's Director of Communications, Julie Kozack, has confirmed that an IMF delegation is in Islamabad for talks with Pakistani authorities. It is important to note that the outcome of these discussions is still uncertain at this stage.

Ms. Kozack has emphasized that the IMF will provide updates only after the completion of the mission in Pakistan. Recently, the IMF Executive Board completed the second review of the Stand-by Arrangement for Pakistan on April 29, leading to a disbursement of around $1.1 billion. This review recognized Pakistan's efforts in implementing policies that helped stabilize the economy during the standby period.

The ongoing discussions between the IMF and Pakistan regarding a new loan package are crucial for the country's economic stability. While the outcome remains uncertain, the recent disbursement of funds highlights the IMF's acknowledgment of Pakistan's efforts. Stay tuned for further updates on this developing situation.