IMF says its mission will visit Pakistan this month to discuss new loan

KARACHI - An International Monetary Fund mission is expected to visit Pakistan this month to discuss a new programme, the lender said on Sunday ahead of Islamabad beginning its annual budget-making process for the next financial year.

Pakistan's financial year runs from July to June and its budget for fiscal year 2025, the first by Sharif's new government, has to be presented before June 30."Accelerating reforms now is more important than the size of the program, which will be guided by the package of reform and balance of payments needs," the IMF statement said.

Earlier, in an interview with Reuters, Finance Minister Muhammad Aurangzeb said the country hoped to agree the contours of a new IMF loan in May.

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Pakistan seeking 'larger and longer' IMF bailout programmeFinance Minister Muhammad Aurangzeb, without specifying how much the nation is trying to secure, tells TRT World if the loan is approved, Islamabad would revisit its NFC award that allocates revenues between the federation and the provinces.
Source: trtworld - 🏆 101. / 63 Read more »

IMF's Gopinath says high U.S. demand fueling growth, higher interest ratesIMF's Gopinath says high U.S. demand fueling growth, higher interest rates
Source: Investingcom - 🏆 450. / 53 Read more »