US magazine Bloomberg has said that Pakistan’s payments are six times more than its foreign exchange reserves.
In a statement issued by Bloomberg, it has been said that Pakistan and IMF have reached a staff level agreement and the IMF board meeting will be held today to approve a loan of $ 3 billion for Pakistan.
Bloomberg says that Pakistan’s dollar bond on the staff level agreement has increased by 27 percent, Pakistan is trying to solve its economic problems, and IMF staff level agreement has improved Pakistan’s funding.
Bloomberg said that Saudi Arabia has deposited $ 2 billion, Pakistan has to pay $ 23 billion in fiscal year 2024, and Pakistan’s payments are six times more than its foreign exchange reserves.
According to Bloomberg, IMF funding remained suspended due to the necessary reforms and the political situation.
The International Monetary Fund (IMF) has confirmed Pakistan’s inclusion in the agenda of the July 12 meeting.
Pakistan and the International Monetary Fund (IMF) have signed a nine-month standby agreement worth $3 billion under which the IMF’s executive board will approve the release of an installment of $1.1 billion for Pakistan.
