ISLAMABAD – Pakistan makes a $2 billion request to International MonetaryFund.
The IMF’s Executive Board will consider Pakistan’s request for utilisingaround $2 billion for budgetary support in the next fiscal year out oftotal size of $6 billion bailout package agreed by Islamabad and the Fundauthorities last month.
The IMF’s Executive Board is expected to take up approval of Pakistan’sbailout package by next month (July 2019).
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After implementation on all prior action under the IMF programme, Adviserto PM on Finance and Revenue Dr Abdul Hafeez Shaikh and Governor State Bankof Pakistan Reza Baqir will formally sign letter of intent (LoI) andmemorandum of economic and financial policies (MEFP) probably in third orfourth week of the ongoing month.
