- Lender team to meet Imran Khan to solicit party’s support for $3b financial package
ISLAMABAD, Pakistan: The Pakistan Tehreek-e-Insaf (PTI) leader Hammad Azhar on Friday said that the International Monetary Fund (IMF) has reached out to the party leadership “to solicit the party’s support for the US$ 3 billion standby agreement and its broad objectives”.
In a tweet on Friday, the PTI leader added that the IMF’s team is to hold a meeting with the party chief over the telephone this afternoon.
“Both PTI’s economic team and the IMF team will join, in person and virtually, to take part in the discussions,” he added.
پاکستان تحریک انصاف سے چند روز پہلے آئی ایم ایف کی ٹیم نے رابطہ کیا۔ آئی ایم ایف کے ساتھ ۹ ماہ کا سٹینڈ بائی معاہدہ کا مسودہ اگلے ہفتے آئی ایم کے بوڑد کے سامنے واشنگنٹن میں منظوری کے لئے پیش کیا جائے گا۔ اس سلسلے میں تحریک انصاف سے معاہدے کی حمایت کے لئے درخواست کی گئی ہے۔
اس…— Hammad Azhar (@Hammad_Azhar) July 7, 2023
Last month, the IMF reached staff-level agreement with Pakistan on a US$ 3 billion stand-by arrangement.
The staff-level agreement is subject to approval by the IMF Executive Board with its consideration expected by mid-July 2023.
The new stand-by arrangement will support the authorities’ immediate efforts to stabilize the economy from recent external shocks, preserve macroeconomic stability and provide a framework for financing from multilateral and bilateral partners.
