Names of Iceland and other countries were included for approval in the meeting, sources told Aaj News on Wednesday.

Finance Ministry officials will contact IMF officials virtually as the $6.5 billion loan program with the IMF is ending on June 30, sources said.

Moreover, Moody’s Investors Service has warned that Pakistan is at an increased risk of a failure to restart its $6.7-billion bailout program.

The program is stalled since November last year, pushing the country closer to a sovereign default.

“There are increasing risks that Pakistan may be unable to complete the IMF programme that expires at the end of June,” Grace Lim, a sovereign analyst with the rating company in Singapore, was quoted as saying by Bloomberg on Wednesday.

“Without an IMF programme, Pakistan could default, given its very weak reserves.”