Agreement with IMF, Finance Minister announces great good news
ISLAMABAD: Finance Minister Muftah Ismail has said that a staff level agreement with the IMF will be signed in June, after which the World Bank and Asian Development Bank will also provide funds.
According to details, Finance Minister Muftah Ismail during a press conference, referring to the talks with the IMF, said that no privatization was discussed in the talks held in Doha, the staff level agreement with the IMF will be reached in June, this agreement is very. Is important
Muftah Ismail said that after the agreement, the board meeting will approve the provision of money and the money will come, the agreement will improve the economy and the rupee will improve.
The finance minister said that 3 3 billion would come from the IMF, we increased the application program and gave 2 2 billion more, hopefully all in all, 5 5 billion will come from the IMF.
He said the agreement with the IMF would provide ارب 1 billion from the World Bank, followed by بی 2.5 billion from the ADB and funding from more institutions, for a total of 9 8.9 billion in the pipeline. Are
Muftah Ismail said that the Saudi minister said that رقم 3 billion would be re-rolled, عرب 3 billion would be expanded to Saudi Arabia and more relief would come from Saudi Arabia in July.
The finance minister said that in the end Imran Khan gave subsidy which is 3 times more than running the government. With Imran Khan’s move the country was on the verge of bankruptcy.