Pakistan and IMF finally seal a deal over bailout package

Pakistan and IMF finally seal a deal over bailout package

The government of Pakistan on Thursday managed to finalise a deal with thevisiting International Monetary Fund mission over the terms of its $6.5billion lending programme, unlocking critical funds for the ailing economy.

Sources confirmed to *Express News *that the two sides had finally reachedconsensus over the details of lending programme. They said that PrimeMinister Shehbaz Sharif has also approved the deal and all mattters overthe bailout program have been settled.

Finance minister Ishaq Dar is expected to announce further detailsregarding the talks shortly, the sources added.

The mission has been in Islamabad since Jan 31 to sort out differences overthe government’s fiscal policy that had stalled the release of over $1billion from the $6.5 billion bailout package signed in 2019.