ISLAMABAD: Senator Muhammad Aurangzeb, the federal minister of finance and revenue, expressed optimism that “the lender will approve it next month” and dispelled worries that the International Monetary Fund (IMF) will reject the staff-level deal.
In July, Pakistan and the IMF came to an agreement on a 37-month financing arrangement. According to the IMF, getting “timely confirmation of necessary financing assurances from Pakistan’s development and bilateral partners” and the executive board’s approval were the only requirements for the program.
In an exclusive interview with Geo News, Aurangzeb said, “Like in the past, there is needless talk about the staff-level agreement not being approved, but we are hopeful that the IMF board will give its approval in September.”
