Thursday, October 31, 2024

Arrest of Former Prime Minister, IMF Seeks Assurance from Pakistan on Loans

Islamabad: The International Monetary Fund (IMF) has refused to comment on the arrest of former prime minister Imran Khan and asked Pakistan to take confidence in the integrated debt repayment mechanism and assure it of implementing an economic policy.
The International Monetary Fund (IMF) has refused to comment on the arrest of former Prime Minister Imran Khan in a corruption case. “I don’t want to make any statement on Imran Khan’s arrest.

An IMF spokesman told Bloomberg on the situation in Pakistan that negotiations are going on with Pakistan on the loan program, the loan program with Pakistan will end in June 2023, under the current loan program, Pakistan has to give $ 2.6 billion.

He said that he wanted confidence in the integrated method of repayment of loans from Pakistan and assurance of the implementation of economic policy.

The spokesman further said that Pakistan had signed a loan agreement of $ 6.7 billion in 2019, demanding Pakistan not to start the cheap petrol scheme.

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