IMF to assess Pak's external financing needs during review discussions

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IMF to assess Pak's external financing needs during review discussions - Business Standard

Quick Summary:

The IMF's unscheduled performance review discussions in Pakistan next week will primarily focus on the materialisation of new foreign loans to the country to fill nearly USD 2.5 billion in external financing gap for this fiscal year, according to a media report.

The International Monetary Fund will assess Pakistan's external financing needs during these discussions, as some planned loans have not yet been secured, according to government sources.

According to The Express Tribune newspaper, led by Nathan Porter, the IMF Mission Chief, the talks will formally begin on Tuesday, with an opening session also planned with Finance Minister Muhammad Aurangzeb.