Deal done with IMF

Amid the IMF’s public announcement to send its mission to Islamabad before the end of Apr’19 to sign the agreement, Minister for Finance Asad Umar has claimed that Pakistan and the IMF staff have struck an agreement on 5 major policy issues and exchanged documents on exchange rate, fiscal deficit, fixing energy, public finance and public sector enterprises. Govt. is expected to get the IMF loan in the range of $ 6-8Bn for 3 years period and then other multilateral creditors will also providing funding as the WB will lend $ 7.5-8Bn and ADB in the range of $ 6Bn over 3 years’ period. Asad added, the govt. would also kick-start procedures to approach the international capital markets for launching a bond after signing the IMF agreement.