Pakistan
The boss of terror Pakistan has received a loan of $ 1.02 billion from the International Monetary Fund (IMF). India opposed this loan and was out of voting. However, despite this, this loan has been given to Pakistan’s nursery Pakistan. Experts say that Pakistan can use this debt to reduce its Congress and nurture the terrorist. After the recent tension with India, Pakistan has not determined its actions. This decision of IMF to give Lone to Pakistan is being questioned.
Estimates of improvement in foreign exchange reserves
According to the IMF, Pakistan has made good progress towards stabilizing its economy and restoring the trust of investors despite global economic challenges. By the end of April, Pakistan’s gross foreign exchange reserves were $ 10.3 billion, which is expected to rise to $ 13.9 billion by the end of June. Meanwhile, the online talks between the IMF and the Government of Pakistan regarding the budget have started from Wednesday, which will run till 16 May. Government sources told The Express Tribune that the IMF has appointed a new mission head for Pakistan, who is expected to visit Islamabad this weekend.
Hope to reach Islamabad on Saturday
According to sources, the IMF team is expected to reach Islamabad on Saturday, May 11, for the second and final phase of the conversation and stay there by 23 May. The IMF has appointed Bulgarian origin Eva Petrova as the new mission head for Pakistan. She will participate in the discussion on the upcoming budget in association with the outgoing head Nathan Porter. The Government of Pakistan is planning to present the budget of FY 2025-26 on June 2. The IMF representatives will continue negotiating with Pakistani officials till 16 May regarding the provisions of the budget.
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