Negotiations on the mortgage program underneath the Standby Association between Pakistan and the Worldwide Financial Fund (IMF) have been accomplished.
In line with sources within the Ministry of Finance, if the talks between Pakistan and the IMF are profitable, Pakistan will get the final installment of 1.1 billion {dollars} underneath the standby association.
The announcement by the IMF is more likely to be issued at present, after the completion of the present program, Pakistan can be taken with a brand new 4-year program from the IMF, through which the mortgage worth could also be 7 and a half billion {dollars}.
However, US Ambassador Donald Bloom met with Finance Minister Muhammad Aurangzeb, through which the mortgage program between Pakistan and the IMF was mentioned.
The Finance Minister apprised the US Ambassador of progress in talks with the IMF, whereas additionally reviewing US assist for Pakistan’s financial reform objectives.
