The executive board of the International Monetary Fund (IMF) is all set to meet today (Monday) to consider the loan plan for Pakistan۔
Pakistani authorities of the cash-strapped nation expect the resumption of the month-long stalled $6 billion bailout programme.
However, a rally in the nation’s assets may fizzle out amid escalating political tensions.
Pakistan also made a request to the Fund’s Board to augment the Extended Fund Facility (EFF) from $6 billion to $7 billion and jack up the timeframe from September 2022 to June 2023.
Experts say Pakistan will win a loan approval from the IMF board when it meets on Monday, “paving the way for the release of $1.2 billion in immediate funds.”