Monday, August 8, 2022

IMF to ‘continue supporting Pakistan once new govt is formed’

test

ISLAMABAD: Amidst political turmoil in the country, especially after the dissolution of the National Assembly following the dismissal of the no-confidence motion against Prime Minister Imran Khan, the International Monetary Fund (IMF) said on Monday that it would continue to support Pakistan once “a new government is formed” in the country. 

In a statement, the Washington-based lender said it will engage in policies to “promote macroeconomic stability, and enquire about intentions vis-a-vis programme engagement”.

Also Read: Political crisis: PSX opens in red, sheds over 1200 points

The Fund clarified that there was no concept of suspension within the IMF programmes.

Earlier, former finance minister Shaukat Tarin had dismissed reports that talks between Pakistan and the International Monetary Fund (IMF) for seventh review of the $6 billion Extended Fund Facility program had failed.

Also Read: Pakistani Rupee falls to historic low against US dollar

In an informal discussion with journalists, Tarin denied that talks between Pakistan and the International Monetary Fund (IMF) for the resumption of $6 billion Extended Fund Facility (EFF) have failed.

“The talks have successfully  ended and we are waiting for their [IMF] decision,” he said while replying to a question asked by journalist.

Comments

Latest Posts

LATEST NEWS

Comments