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IMF project leader to consult with Pakistan on March 26

Picture: AFP

The project leader of the Global Financial Fund is predicted to reach in Pakistan on March 26.

Ernesto Ramirez Rigo will dangle conferences with Finance Minister Asad Umar and State Financial institution workers.

The federal government is hoping for an Rs6 billion bailout bundle from the brand new leader.

Related: Talks with the IMF over possible bailout package have entered the final stages, says Asad Umar

Pakistan and the IMF aren’t any strangers. Since 1958, they have got made 21 agreements for loans.

The IMF is a global organisation of 189 nations operating on financial cooperation and global financial steadiness. It is helping member nations in 3 ways:

  • Financial surveillance — tracking the commercial and fiscal insurance policies of its 189 member nations.
  • Lending — offering loans to member nations dealing with a point of financial crises.
  • Capability development —  modernizing member nation financial insurance policies and establishments, and coaching their folks

Pakistan has long past to the IMF time and again because the overdue 1980s. The closing time was once in 2013, when Islamabad were given a $6.6 billion mortgage to take on an financial disaster.



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