IMF Agreement on $1.2 Billion Deal Expected

Pakistan and the International Monetary Fund (IMF) have entered the final stage of negotiations, with a staff-level agreement projected to unlock around $1.2 billion in funding under two ongoing programs, sources in the Ministry of Finance informed ProPakistani.

Key points

• Only 91 New Retailers Join Tax Scheme, FBR's Rs.
• Successful completion of both reviews would allow Pakistan to receive around $1.2 billion.
• If the discussions conclude successfully, the two sides are anticipated to reach a Staff-Level Agreement (SLA).
• Pakistan has so far received around $4.6 billion from the IMF under the two programs, the sources remarked.
• According to the the sources, chances for a successful conclusion were bright, but the outcome would depend on the IMF's assessment of Pakistan's economic performance and commitments.

Meanwhile, the discussions are scheduled to conclude on October 7 (today). Nevertheless, IMF may extend negotiations if differences remain over outstanding matters.

Only 91 New Retailers Join Tax Scheme, FBR's Rs. 50 Billion Target in Jeopardy.

If the discussions conclude successfully, the two sides are anticipated to reach a Staff-Level Agreement (SLA). The reviews will then be submitted to the IMF Executive Board for approval. The next installments will be published after the board approves the reviews, according to the sources.

For context, the negotiations cover Pakistan's fourth review under the $7 billion Extended Fund Facility (EFF) and third review under the $1.4 billion Resilience and Sustainability Facility (RSF). It provides climate-related financing.

Successful completion of both reviews would allow Pakistan to receive around $1.2 billion. This includes the fifth installment under the EFF program and the next disbursement under the climate financing facility.

Pakistan has so far received around $4.6 billion from the IMF under the two programs, the sources remarked. The outcome of the negotiations will determine the timing of the next disbursements and the submission of the reviews to the IMF Executive Board. Stay Connected with ProPakistani.

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Taken together, the developments around IMF Agreement on $1.2 Billion Deal Expected point to a situation that is still moving, and the coming days should bring more clarity.