Regarding the International Monetary Fund’s (IMF) scheduled assessment of Pakistan’s $7 billion Extended Fund Facility (EFF) tomorrow (Wednesday), Finance Minister Muhammad Aurangzeb has voiced high hope.
On September 25, the IMF board is scheduled to meet in order to assess the EFF for Pakistan. This conference is in response to worries that debt rollover confirmations from China, Saudi Arabia, and the United Arab Emirates could take longer than expected before funds are released.
Concerns have also been raised about the government’s apparent difficulties in obtaining fresh finance to close a $2 billion shortfall in external financing for the current fiscal year.
“We are very hopeful that the board will approve the 37-month, seven billion dollar programme, under which we are fully committed to,” Aurangzeb said in an interview with News.
