Pakistan is likely to receive the last installment of the loan from the IMF by April 29

Islamabad: The meeting of the Executive Board of the International Monetary Fund (IMF) will be held on April 29.

According to the details, the meeting of the Executive Board of the International Monetary Fund (IMF) will be held on April 29, in which the second economic review of Pakistan and the final installment of the next installment of one billion ten million dollars will be approved.

According to Reuters, Pakistan is in talks with the IMF for a new long-term and large loan, and by early July, Pakistan may have an agreement with the IMF on a new program.

According to the report, Pakistan has requested a loan for at least three years for macroeconomic stability and reforms. If the request is approved, it will be the 24th bailout program for Pakistan.

Pakistan’s proposed 24th 3-year package with the fiscal fund, if approved, could amount to between $6 billion and $8 billion, which would be the country’s largest debt ever.

According to Reuters, Pakistan’s economy is facing a balance of payments crisis, with Pakistan having to pay around $24 billion in debt and interest payments next fiscal year.

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