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Pakistan Is Not Going to Default Despite Structural Delays in IMF Deal, Finance Minister Says

admin-augaf by admin-augaf
May 24, 2023
in Business, Finance, National, News
Reading Time: 1 min read
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Pakistan Finance Minister Ishaq Dar addressing to the National Assembly

Pakistan Finance Minister Ishaq Dar addressing to the National Assembly

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Islamabad May 24 2023: The deal with the IMF has been delayed due to the structural stages, but there is no risk of default says Federal Finance Minister Ishaq Dar while addressing the press conference.

According to him, the technical team related to the 9th review of the IMF has completed the work.

He says, it was being said that the country would default but "we have managed and surprised everyone."

The work of the 9th review of the IMF has been completed, we have taken all the early steps and there is a 'structural' type of delay in the IMF deal.

says Finance Minsiter Ishaq Dar

He added, Pakistan has paid back USD 5.5 billion in commercial loans within weeks and seeing this China rolled over USD 2 billion.


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Pakistan Reaches Agreement With IMF to Resume Loan: Bloomberg


Tags: DefaultIMF program
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