IMF team to meet Imran Khan today, says Hammad Azhar

1688726217 IMF team to meet Imran Khan today says Hammad Azhar
The headquarters of the International Monetary Fund (IMF) in Washington. — AFP/File
The headquarters of the Worldwide Financial Fund (IMF) in Washington. — AFP/File

Former federal minister for financial affairs Hammad Azhar introduced Friday {that a} crew from the Worldwide Financial Fund (IMF) was set to fulfill with Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan at the moment.   

Taking to Twitter, the PTI chief wrote: “PTI’s financial crew has been approached by the IMF to solicit the celebration’s help for the USD 3 billion stand-by settlement and its broad goals.”

Azhar additional stated that an IMF crew would meet with PTI chairman Imran Khan at his Lahore residence later at the moment.

“An IMF crew will name on celebration Chairman Imran Khan at Zaman Park this afternoon. Each PTI’s financial crew and the IMF crew will be part of, in particular person and just about, to participate within the discussions,” he wrote.

IMF’s assertion

An announcement from IMF’s resident consultant Esther Perez Ruiz confirmed that the Washington-based lender is in search of the help of all political events — together with PTI — for the recently-announced $3 billion bailout bundle.

“IMF employees are within the means of assembly with representatives of the key political events in Pakistan, together with PML-N, PPP, and PTI, to hunt assurances of their help for the important thing goals and insurance policies underneath a brand new IMF-supported program forward of the approaching nationwide elections,” Ruiz’s assertion confirmed.

She additional said: “As introduced, the brand new SBA with Pakistan is anticipated to be thought of by the IMF Govt Board in coming days.”

Pakistan secured a badly-needed $3 billion SBA from the IMF on Friday, giving the South Asian financial system a much-awaited respite because it teeters getting ready to default.

The staff-level settlement on the SBA is topic to approval by the IMF Govt Board, which is scheduled to fulfill on July 12.

The earlier Prolonged Fund Facility expired on June 30, with the ninth, tenth, and eleventh evaluations pending.