Tuesday, October 22, 2019
News

'Pakistan, IMF have finalised bailout package'

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

Asia | April 16, 2019 3:11:45 PM IST
Pakistan and the International Monetary Fund (IMF) have reached a bailout agreement and all the contentions have been resolved, Pakistan's Finance Minister Asad Umar said on Tuesday.

"We have reached an agreement and all the major issues have been settled and documented," Dawn quoted Umar as saying.

Defying reports that the IMF mission has rescheduled its visit to May, Umar said, "The IMF staff mission would visit Islamabad this month to conclude various technical tables that would then be shared with the National Assembly committee."

The exact size of the package is yet to be decided, however, the minister apprised that it would be between USD 6 billion and USD 8 billion.

Umar also rubbished reports that the IMF bailout is being delayed as the mission is concern about Chinese loans. "Such reports were unfounded and surprising because the fund had asked questions on the subject in October last year and all the details of the Chinese assistance were provided as the government felt there was nothing to hide."

If released, the IMF bailout would be of great help to the crisis-stricken country.

In October last year, Pakistan had formally requested the IMF for yet another economic assistance package. (ANI)

 
  LATEST COMMENTS (0)
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE WORLD NEWS
Kovind visits Buddhist temple in Tokyo, ...
NMCG workshop to mull on ensuring 'peren...
'Pakistan to implement FATF action plan ...
Biden maintains double-digit lead in Dem...
Benjamin Netanyahu gives up effort to fo...
British Speaker blocks new vote on Johns...
More...
 
INDIA WORLD ASIA
Gourmet Kashmiri restaurant opens in Lut...
Delhi HC issues notice to EC, Centre on ...
Nothing unconstitutional about dividing ...
Govt employees of UT of J-K, Ladakh to g...
PNB scam: Two fresh applications filed i...
Motihari shelter home: 2 girls found, 2 ...
More...    
 
 Top Stories
Nationalism dominates SL prez poll ... 
Banking ops affected due to bankers... 
Chile mass riots toll increases to ... 
Kartarpur project a positive develo... 
Microsoft acquires Cloud file migra... 
BSP leaders' face blackened, parade... 
'Sanju' bags award at Australian In... 
France Football gives explanation o...