Amid continuous delays to the staff-level agreement with International Monetary Fund (IMF), the government on Tuesday said arrangements had been made to meet external obligations of $3.7 billion by end-June. In a statement, the Ministry of Finance said $3.7bn had to be repaid during the remaining period of the current fiscal year ending June 30. “This should not be any cause of concern as arrangements have been made for the rollover/repayment of this debt”, it said, adding that significant inflows were also in the pipeline during this period. The PMLN-led coalition government had averted the default and the economy was now on a course to stability and growth, it added. (Dawn)
10/5/2023