Pakistan hopes for new loan with IMF in May, Finance Minister

Finance Minister Muhammad Aurangzeb says that Pakistan hopes for a new loan with the IMF in May, with Pakistan aiming to agree on a new loan outline in May.

While giving an interview to a foreign news agency, the finance minister said that the current loan program with the IMF will end in April, Pakistan is looking for a long and big loan, and assistance is necessary for macroeconomic stability, structural reforms. Yes, the IMF mission is expected to be in Islamabad in mid-May.

The news agency said the finance minister declined to outline the size of the new program, saying Pakistan would open a new tab of at least $6 billion in the next program.

The finance minister said that if the loan is approved, he will also request additional financing, the additional financing will be done under the flexibility and sustainability trust, the debt situation is also looking better, a large part of our loans are being rolled over. , no major risk is seen during the current or next financial year.

Mohammad Aurangzeb said that we have to pay an average of 25 billion dollars every year. has started, it is hoped that the ranking will improve in the next financial year.