According to the sources, Islamabad is anticipated to present budget ideas for FY-2024–25 with the International Monetary Fund and sign a three-year Extended Fund Facility programme.
They said that prior to accepting the new loan programme, the IMF will receive guarantees of additional increases in gas and electricity prices as well as a refusal to impose economic burdens from subsidies.
“Tougher” terms than those of the present SBA programme would apply to the new IMF loan programme, according to sources in the finance ministry.
It was previously reported that following the conclusion of the current Standby Agreement, Pakistan will get a second loan package from the International Monetary Fund (IMF).
According to reports, “caretaker government has initiated consultations for the next IMF programme.”
According to insiders, the administration will probably start negotiations with the IMF this month for the next loan programme.
Officials from the finance ministry stated that the measures decided upon by the caretaker administration will be carried out by the elected government.
