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Pakistan Expected to Secure $6 Billion IMF Bailout

Pakistan Expected to Secure $6 Billion IMF Bailout

Pakistan aims to finalize a staff-level agreement with the IMF for a bailout package exceeding $6 billion this month, according to Minister of State Finance and Power, Ali Pervaiz Malik. “We expect to conclude this (IMF) process within the next three to four weeks,” Malik stated, indicating the amount could surpass $6 billion.

He mentioned that Pakistan has met all the IMF’s conditions in its annual budget.

Read more: Pakistan’s development budget is significantly impacted by the IMF program

Finance Minister Muhammad Aurangzeb expressed optimism last week about securing a new and final IMF bailout for Pakistan.

Credit rating agencies and financial institutions have anticipated since April that Pakistan will reach an agreement with the IMF for a new four-year program by the end of July.

Wall Street Bank Citi noted in May 2024 that a larger and longer IMF Extended Fund Facility (EFF) program, potentially a $7-8 billion four-year program, could be finalized by July, along with potential Saudi investments.

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Syed Musa

Musa edits and optimizes multimedia content, carefully shaping each frame and detail to enhance its impact. His creative touch ensures that every video meets high standards of quality and effectiveness. His work gives Newsguru’s visuals a professional and polished look, transforming raw ideas into engaging stories that capture attention and leave a lasting impression.
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Syed Musa

Designation: Media Editor

Musa edits and optimizes multimedia content, carefully shaping each frame and detail to enhance its impact. His creative touch ensures that every video meets high standards of quality and effectiveness. His work gives Newsguru’s visuals a professional and polished look, transforming raw ideas into engaging stories that capture attention and leave a lasting impression.

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