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IMF Doubts On Pak For Loan: Pakistan's economy, which is struggling with cash and financial crisis, may be in danger. Because, IMF has also indicated that it is giving up on giving more loans. In a media report on Saturday, IMF is doubting Pakistan's ability to repay its debt. This statement has been made at a time when the Washington-based bank is evaluating Pakistan's economy.
Pakistan needs 123 billion dollars
Islamabad has applied for the release of a new relief package under the Extended Fund Facility (EFF). The IMF team is discussing this matter. According to IMF, Pakistan needs a total loan of $ 123 billion in the next five years. In which $21 billion is required in 2024-25, $23 billion in 2025-26, $22 billion in 2026-27, $29 billion in 2027-28 and $28 billion in 2028-29.
Pakistani media report
Media reports quoted the IMF in its staff report on Pakistan released earlier this month as saying that Pakistan's debt service capacity is subject to serious risks and entirely dependent on policy implementation and timely external financing, exchange rate flexibility. Is.
An IMF team visiting Pakistan is negotiating a new Long-Term Extended Fund Facility (EFF) of US$6-8 billion with the possibility of additional green finance. If the loan is approved through negotiations, it will be the 24th IMF bailout for Pakistan.