Pakistan is hoping to get a fresh $7 to $8 billion loan programme from the International Monetary Fund (IMF), media houses reported, quoting sources.
As per details available with ARY News according to sources, Pakistan will seek a fresh three-year-loan programme from the IMF next week.
The IMF has hinted at negotiations on climate financing too during the talks with Pakistan which are expected to begin after the IMF’s executive board meeting.
Sources further said, in order to get the fresh IMF loan programme, Pakistan has to present its FY2024-25 budget as per the international lender’s conditions including an increase in gas and electricity tariffs, cost recovery reforms and steps to increase the tax net.
Pakistan has to assure the IMF about external financing to avail of the fresh loan programme.
The sources privy to the development further said that the IMF has rejected the reservations of Pakistan Tehreek-e-Insaf and is committed to holding talks with the government formed for 5 years.
