Pakistan fulfills all conditions of IMF, Next tranche is likely soon

ISLAMABAD
Pakistan has fulfilled all the conditions of IMF and the next tranche is likely to be provided soon.
As per media reports, the meeting of IMF Executive Board will take place in the first week of May and approval for one billion 20 crore dollars for Pakistan will be accorded in the meeting. Assurance for the roll over of friendly countries loan has also been given to IMF.
As per media report the finance ministry authorities while talking to media said there is no hindrance in obtaining next tranche of Rs 7 billion dollars loan program.
Next tranche of 21 crore dollars of RSF program related to climate financing will also be provided to Pakistan.
As per ministry of finance authorities Pakistan has met all the conditions of IMF. IMF was taken into confidence about targeted subsidy on petroleum. Consultation was made with IMF before transferring the hike in the prices of petroleum products globally to consumers.
The amount of targeted subsidy will be spent out of the budget of current fiscal year. Emergency funds of 300 billion are also available for hard times.
According to authorities talks are underway to roll over Saudi Arabia and UAE deposits for long period.
IMF has been assured regarding roll over of loans of friendly countries.
There are deposits of 5 billion dollars of Saudi Arabia , 4 billion dollars of China and 3 billion dollars of UAE in State Bank . The payment of 2 billion dollars and one billion dollars back to UAE will become mature in this month and in the month of July respectively.
As per finance ministry, Pakistan is not facing any immediate problem of balance of payments. We are in contact with UAE government for further roll over these deposits.
UAE will soon roll over loan payable by Pakistan.