Dar hopes IMF to soon ink staff-level agreement for release of $1.1bn
The FinMin says Pakistan has fulfilled all the conditions set by the global lender
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The FinMin says Pakistan has fulfilled all the conditions set by the global lender
Lender stresses need to "maintain strong policies"; Shehbaz admits no option but to accept "stringent conditions".
The IMF, which has withheld part of the bailout package for months, has asked Pakistan to arrange $6 billion in external financing.
The statement came from IMF Mission Chief to PakisÂtan Nathan Porter, a day after Finance Minister Ishaq Dar announced the confirmation of $1bn in bilateral financial support to Pakistan, believed to be the last prior action for staff-level agreement with the global lender, Dawn reported.The
Pakistan Prime Minister Shehbaz Sharif said the International Monetary Fund (IMF) has no reason to delay the approval of the staff-level agreement after financial assurances from friendly countries even as a Fund official said the lender looked ...