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IMF Bailout Package To Pakistan: The International Monetary Fund (IMF) has defended its steps of an economic package of about Rs 8500 crore given to Pakistan. He said on Thursday that the IMF board reviewed on 9 May. The IMF said that Pakistan has fulfilled all the conditions to get a loan. That is, this means that now Pakistan can now be given more economic package.
IMF satisfied with conditions
This bailout package being given to Pakistan is a part of a total of $ 7 billion IMF program- Extended Fund Facility (EFF) approved in September 2024. So far, Pakistan has been given a sum of $ 2.1 billion. During the press conference, the IMF said that it is part of the entire process to regularly investigate, so that it can be ascertained whether the concerned country is following those conditions.
In response to a question of Business Today TV, the IMF said that our board is satisfied in the case of Pakistan that Pakistan has fulfilled all the conditions. The IMF said that it was to be reviewed in the first quarter, but it was done before time. Julie Kozak, director of the Department of IMF Communication, made it clear how the money was used.
And Pakistan will get money
Along with this, the IMF has imposed 11 more conditions on Pakistan to get an economic package. After this, now a total of 50 conditions have been done under the bailout program over Pakistan. In addition, the International Monetary Fund has warned that and stress between India and Pakistan can affect the financial objective of this program.
