Islamabad July 4 2022: IMF program is on track and there is no delay due to anti corruption law says Pakistan Finance Minister Miftah Ismail.
“I have been reading with some amusement all the tweets and stories about IMF program being postponed or delayed due to some anti-corruption law. There is no truth to it. The IMF program is on track.” says Finance Minister Miftah Ismail.
Most likely, two tranches of about $918 million each (or $687m Special Drawing Rights, or SDRs) under combined 7th and 8th review of Extended Fund Program would be made available to Pakistan at once in the last week of July of the first week of August.
The government of Pakistan has already received the Memorandum of Economic and Financial Policies (MEFP) from the International Monetary Fund (IMF) on 28th June 2022, which is a crucial step to validate that both sides have reached an agreement for the revival of $6 billion programs.
