Islam Abad(94 news) IMF approves Pakistan's request for new loan program
According to the details of the International Monetary Fund (IMF) has accepted Pakistan's request for a new loan programme. Finance Minister Muhammad Aurangzeb requested the IMF for a new loan program.
According to sources in the Ministry of Finance, the IMF delegation will arrive in Pakistan next month for negotiations on the new loan program. The talks will be on the new loan program and the budget proposal for the next financial year.
According to sources in the Ministry of Finance, on behalf of Pakistan to the IMF 2 Applications were made out of which the Extended Fund Facility application was approved while the other application will be reviewed by the Mission during its visit to Pakistan. Pakistan under the Extended Fund Facility approx 6 He will be able to borrow billions of dollars. The new loan program from the IMF is likely to be for a period of more than three years.
