The International Monetary Fund (IMF) has reaffirmed its commitment to collaborate with the newly elected government of Shehabz Sharif in Pakistan. This was announced by Julie Kozek, the IMF Director of Communications, during a press conference in Washington. She emphasized that their primary focus is to complete the current standby arrangement, which is set to conclude in April 2024.
Following the formation of Pakistan’s new cabinet, the IMF is prepared to dispatch its team for the second economic review. Kozek chose not to comment on Pakistan’s political situation but praised the interim government for maintaining economic stability.
In related news, it has been revealed that the newly formed PML-N-led government is considering availing a new loan program from the IMF. The Ministry of Finance has already started taking necessary steps based on the directives of the premier.
Pakistan is expected to negotiate a loan program worth between $6 to 8 billion with the IMF. However, it is anticipated that the IMF’s conditions will be more stringent this time. This development signifies the beginning of a new chapter in the economic relationship between Pakistan and the IMF.
 has reaffirmed its commitment to collaborate with the newly elected government of Shehabz Sharif in Pakistan. This was announced by Julie Kozek, the IMF Director of Communications, during a press conference in Washington. She emphasized that their primary focus is to complete the current standby arrangement, which is set to conclude in April 2024.){kind=link}