Virtual talks are underway between Pakistan and the International Monetary Fund (IMF) to revive the loan program.
Officials from the Ministry of Finance have claimed that the IMF has confirmed funding from friendly countries till June 30. One decimal one billionThe next installment is expected to release in early April.
According to officials, the nation will get good news about the staff-level agreement this week, after the agreement, the IMF mission will recommend the issuance of the next tranche to the Executive Board.
Officials of the Ministry of Finance say that the meeting of the Executive Board of the IMF is likely to be held in the first week of April and the release of the next installment is expected in the same meeting.
Remember that yesterdayDuring the Ministry of Finance officials of 10 billion dollars till June Estimates while informed about the implementation of all pre-conditions before the staff level agreement.
IMF officials were told during the briefing that another $800 million in financing from China will be available soon, with a gradual improvement in foreign exchange reserves.