WASHINGTON D.C.: The International Monetary Fund (IMF) has finalised abailout package for Pakistan as talks between the two sides were finalisedduring a recent visit by the Pakistani delegation to the United States,reported a private tv channel citing sources.
The IMF agreed to a three-year bailout package for Pakistan, after ahigh-level delegation led by Finance Minister Asad Umar met with IMF andWorld Bank officials on the sidelines of the annual Spring Meeting inWashington, DC, sources said.
The world lender did not object to an asset declaration scheme proposed byPakistan, the sources added, pointing out that Pakistan had already shareda draft of the proposed scheme with the IMF and the Financial Action TaskForce.
The final value of the bailout package would be decided during a visit ofthe IMF mission to Islamabad, expected soon. The Spring Meeting ended onSunday, following which the Pakistani delegation arrived back home earliertoday.
The exact dates for the IMF’s visit to Pakistan will be decided within thenext day or two, sources said.
The bailout package will be signed within this month, the sources furthersaid.
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Finance Minister Asad Umar is set to meet Prime Minister Imran Khan andtake him into confidence regarding the IMF talks.
Information Minister Fawad Chaudhry, speaking to media earlier today, saidthe finance minister will inform the nation regarding the IMF agreement inthe coming days.
Chaudhry said the country can expect some major news about the economywithin the next two days.
