*ISLAMABAD – Pakistan to return back around $3 billion to the IMF over nextthree years starting from upcoming financial year 2019-20 so with possiblesize of $6 billion bailout package, half of the amount will go back to theFund on account of previous outstanding loans and liabilities, The News haslearnt.*
Now Pakistan and the IMF have formally confirmed kick-starting parleys herefrom next week to make efforts for striking a staff level agreement.
“Pakistan’s net financing requirement has been estimated at over $8 to $10billion in next fiscal year so Islamabad will have to heavily rely upontraditional lenders such as WB, ADB and others as well as internationalcapital market to generate funding even after entering into IMF programme,”official sources told The News.
The IMF programme helps countries build story on economic front to lureinternational investors to generate funding.
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“Pakistan will have to pay back $800 million to IMF in 2019-20, $1 billionin 2020-21 and another $1 billion in 2021-22,” a top official said.
In the aftermath of meeting held between IMF Managing Director ChristineLagarde and Prime Minister Imran Khan in Beijing on the sidelines of Beltand Road Forum (BRF), IMF on Friday confirmed that its mission would bevisiting Islamabad from coming Monday (April 29) for holding parleys onfresh bailout package.
