ISLAMABAD – New developments have been reported regarding InternationalMonetary Fund (IMF) offered package to Pakistan.
IMF has offered US$12 billion bailout package to Pakistan on lenient termsfor repayment.
As per details garnered, after Saudi Arabia and China now Pakistan ispreparing to seek heavy loan from IMF on lenient terms.
According to the sources, the IMF two-member team will arrive in Islamabadfor talks regarding financial package on Wednesday. The sources also saidthat the final negotiations would be held tomorrow between Pakistan and IMFregarding bailout package.
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The sources further revealed that the IMF offered to provide US$12 billionbailout package on lenient terms for repayment. According to this financialpackage, Pakistan will be get discount in the interest rate and repaymenttime of loans.
