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Talks with IMF for $1 billion Loan Release Scheduled on Oct 4

On October 4, the International Monetary Fund (IMF) and Pakistan will discuss the delivery of a $1 billion loan tranche.

According to local media reports, the Parliament will address an increase in power rates, a review of the health of Pakistan’s economy under Article-IV, and the adoption of the State Bank of Pakistan (SBP) Amendment Bill 2021.

If the negotiations are successful, Pakistan will get $1 billion from the IMF as part of the $6 billion programme that, according to the original plan, will end in September next year.

Read: LDA to Present Lahore’s First Anti-Encroachment Helpline

Previously in June, Pakistan and the IMF had disagreements on the increase of energy rates and the imposition of additional taxes; hence, a consensus was not reached for the completion of the sixth review. In addition, the July 7 meeting of the IMF Board was postponed since Pakistan did not accept their criteria.

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