Key data for IMF bailout: Spadework Accomplished

The Finance Ministry under the directives of the caretakers completed the spadework a few weeks before for the incoming government of Pakistan Tehreek-e-Insaf, specifically the preparation of data on key macroeconomic indicators (fiscal deficit, current account deficit and trade deficit). Preparatory work provides justification for Pakistan seeking a bail-out package, sources said adding that the incoming government will have a maximum of two to three weeks after taking charge to decide whether to go for another IMF programme or not as the planned ”Diasporas Bonds” may not mobilize sufficient foreign exchange to meet the country”s financing needs. The Ministry of Finance, the State Bank of Pakistan (SBP), the Federal Board of Revenue (FBR), the Economic Affairs Division and the Privatization Commission have all been engaged in the preparation of economic indicators in case the new government decides to take an IMF bailout package.