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Friday, May 03, 2024  
24 Shawwal 1445  

Pakistan has accepted all IMF's conditions for resumption of loan facility

Final decision related to disbursement of fund will be taken by IMF board
The government has yet to tell the country about the additional terms on which the IMF and Pakistan have agreed for the resumption of the loan facility. File photo
The government has yet to tell the country about the additional terms on which the IMF and Pakistan have agreed for the resumption of the loan facility. File photo

A source in the Finance Ministry said on Saturday that Pakistan accepted all conditions of the International Monetary Fund (IMF) for the resumption of $6 billion Extended Fund Facility (EFF), Aaj News reported.

The final decision related to the disbursement of the fund will be taken by the IMF board, according to the report, adding the technical negotiations were ongoing and the notification would be issued after they were finalized.

The government has yet to announce the additional terms agreed for the resumption of the loan facility.

It was reported that Adviser to Prime Minister on Finance and Revenue Shaukat Tarin left Washington on Thursday without concluding the IMF talks for the loan facility. However, Finance Secretary Yousaf Khan was in the US capital to pursue the talks which could bring a relief to the financially starved country.

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