IMF deal well on track, assures Pakistan Finance Minister Ishaq Dar ...Middle East

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IMF deal well on track, assures Pakistan Finance Minister Ishaq Dar
source : Business Standard ( Middle East ) () 47
Pakistan's Finance Minister Ishaq Dar on Saturday assured a jittery nation that the much-delayed ninth review of the USD 7 billion IMF programme was well on track, a day after he cancelled his visit to Washington for the spring meetings of the IMF and World Bank. Cash-strapped Pakistan and the IMF have failed to reach a staff-level agreement on the much-needed USD 1.1 billion bailout package aimed at preventing the country from going bankrupt. The funds are part of a USD 6.5 billion bailout package the IMF approved in 2019, which analysts say is critical if Pakistan is to avoid defaulting on external debt obligations. The only hitch for the IMF deal to go through was the confirmation of a US

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