Finance Minister breaks silence over media reports of deal with IMF
Shares
ISLAMABAD – Finance Minister Miftah Ismail has said that Pakistan and International Monetary Fund (IMF) have reached an agreement to revive the long-stalled loan programme that will help the South Asian country tackling economic challenges.
Taking to Twitter on Thursday, the finance minster confirmed the development and said that Pakistan would soon receive combined seventh and eighth tranches worth $1.17 billion from the global lender.
“I want to thank the PM, my fellow ministers, secretaries and especially the finance division for their help and efforts in obtaining this agreement,” he wrote.
Ismail, who has been facing criticism over rising petroleum prices and inflation caused by the IMF’s conditions, also thanked public for their support, adding that the government will be able to provide relief to public after the deal with IMF and decreasing oil prices in the international market.