{"id":8187,"date":"2024-01-02T08:01:26","date_gmt":"2024-01-02T08:01:26","guid":{"rendered":"https:\/\/jammubulletin.com\/site\/?p=8187"},"modified":"2024-01-02T08:01:26","modified_gmt":"2024-01-02T08:01:26","slug":"pakistan-likely-to-get-usd-700-million-from-imf-as-next-tranche-of-bailout-this-month-report","status":"publish","type":"post","link":"https:\/\/jammubulletin.com\/site\/pakistan-likely-to-get-usd-700-million-from-imf-as-next-tranche-of-bailout-this-month-report\/","title":{"rendered":"Pakistan Likely To Get USD 700 Million From IMF As Next Tranche Of Bailout This Month: Report"},"content":{"rendered":"

Islamabad, Jan 2: Low\u00a0<\/span><\/span>on\u00a0<\/span><\/span>funds<\/span><\/span><\/a><\/span> <\/span><\/span><\/span>According\u00a0<\/span><\/span>to\u00a0<\/span>a\u00a0<\/span><\/span>media\u00a0<\/span>report\u00a0<\/span><\/span>on\u00a0<\/span><\/span>Tuesday,\u00a0<\/span><\/span>Pakistan<\/a>\u00a0<\/span><\/span>is\u00a0<\/span>anticipated\u00a0<\/span><\/span>to\u00a0<\/span>receive\u00a0<\/span><\/span>USD\u00a0<\/span>700\u00a0<\/span>million\u00a0<\/span><\/span>as\u00a0<\/span><\/span>the\u00a0<\/span>next\u00a0<\/span>installment\u00a0<\/span><\/span>of\u00a0<\/span>the\u00a0<\/span><\/span>IMF’s\u00a0<\/span><\/span>bailout\u00a0<\/span><\/span>when\u00a0<\/span><\/span>the\u00a0<\/span>global\u00a0<\/span><\/span>lender’s\u00a0<\/span><\/span>Executive\u00a0<\/span><\/span>Board\u00a0<\/span><\/span>convenes\u00a0<\/span><\/span>on\u00a0<\/span><\/span>January\u00a0<\/span>11.<\/span><\/span><\/span> <\/span><\/span><\/span>According\u00a0<\/span><\/span>to\u00a0<\/span>the\u00a0<\/span><\/span>Dawn\u00a0<\/span><\/span>newspaper,\u00a0<\/span><\/span>the\u00a0<\/span>board\u00a0<\/span><\/span>of\u00a0<\/span><\/span>the\u00a0<\/span>International\u00a0<\/span>Monetary\u00a0<\/span>Fund,\u00a0<\/span><\/span>based\u00a0<\/span><\/span>in\u00a0<\/span><\/span>Washington,\u00a0<\/span><\/span>is\u00a0<\/span>scheduled\u00a0<\/span><\/span>to\u00a0<\/span>discuss\u00a0<\/span><\/span>and\u00a0<\/span>possibly\u00a0<\/span><\/span>approve\u00a0<\/span><\/span>the\u00a0<\/span>disbursement\u00a0<\/span><\/span>of\u00a0<\/span><\/span>the\u00a0<\/span>next\u00a0<\/span><\/span>USD\u00a0<\/span>700\u00a0<\/span>million\u00a0<\/span><\/span>tranche\u00a0<\/span><\/span>for\u00a0<\/span><\/span>Pakistan\u00a0<\/span><\/span>under\u00a0<\/span><\/span>the\u00a0<\/span>current\u00a0<\/span><\/span>USD\u00a0<\/span>3\u00a0<\/span>billion\u00a0<\/span><\/span>Stand-By\u00a0<\/span><\/span>Arrangement\u00a0<\/span><\/span>(SBA).<\/span><\/span><\/span><\/span><\/span><\/span>The\u00a0<\/span>IMF\u00a0<\/span><\/span>Executive\u00a0<\/span><\/span>Board\u00a0<\/span><\/span>calendar\u00a0<\/span><\/span>shows\u00a0<\/span>that\u00a0<\/span><\/span>meetings\u00a0<\/span><\/span>will\u00a0<\/span>take\u00a0<\/span><\/span>place\u00a0<\/span><\/span>on\u00a0<\/span><\/span>January\u00a0<\/span>8,\u00a0<\/span><\/span>10,\u00a0<\/span><\/span>and\u00a0<\/span><\/span>11,\u00a0<\/span><\/span>with\u00a0<\/span><\/span>a\u00a0<\/span>discussion\u00a0<\/span><\/span>of\u00a0<\/span><\/span>Pakistan’s\u00a0<\/span><\/span><\/a>case\u00a0<\/span><\/span>on\u00a0<\/span><\/span>the\u00a0<\/span>final\u00a0<\/span>day.<\/span><\/span><\/span> <\/span><\/span><\/span>The\u00a0<\/span>USD\u00a0<\/span><\/span>3\u00a0<\/span>billion\u00a0<\/span><\/span>current\u00a0<\/span><\/span>IMF\u00a0<\/span><\/span>programme\u00a0<\/span><\/span>is\u00a0<\/span>scheduled\u00a0<\/span>to\u00a0<\/span>end\u00a0<\/span><\/span>in\u00a0<\/span><\/span>the\u00a0<\/span>second\u00a0<\/span>week\u00a0<\/span><\/span>of\u00a0<\/span><\/span>April,\u00a0<\/span><\/span>with\u00a0<\/span><\/span>about\u00a0<\/span><\/span>USD\u00a0<\/span>1.8\u00a0<\/span>billion\u00a0<\/span><\/span>still\u00a0<\/span><\/span>to\u00a0<\/span>be\u00a0<\/span><\/span>disbursed.<\/span><\/span><\/span> <\/span><\/span><\/span>In\u00a0<\/span><\/span>July,\u00a0<\/span><\/span>the\u00a0<\/span>first\u00a0<\/span><\/span>installment\u00a0<\/span><\/span>of\u00a0<\/span><\/span>USD\u00a0<\/span>1.2\u00a0<\/span>billion\u00a0<\/span><\/span>was\u00a0<\/span>made\u00a0<\/span><\/span>available.<\/span><\/span><\/span> <\/span><\/span><\/span>Regarding\u00a0<\/span><\/span>the\u00a0<\/span>first\u00a0<\/span><\/span>review\u00a0<\/span><\/span>under\u00a0<\/span><\/span>Pakistan’s\u00a0<\/span><\/span>SBA,\u00a0<\/span><\/span>a\u00a0<\/span><\/span>Staff-Level\u00a0<\/span><\/span>Agreement\u00a0<\/span><\/span>was\u00a0<\/span>reached\u00a0<\/span><\/span>in\u00a0<\/span><\/span>November\u00a0<\/span>2023\u00a0<\/span><\/span>between\u00a0<\/span><\/span>IMF\u00a0<\/span>staff\u00a0<\/span><\/span>and\u00a0<\/span><\/span>Pakistani\u00a0<\/span>authorities.<\/span><\/span><\/span><\/span><\/span><\/span>The\u00a0<\/span>Executive\u00a0<\/span>Board\u00a0<\/span><\/span>of\u00a0<\/span>the\u00a0<\/span><\/span>IMF\u00a0<\/span><\/span>must\u00a0<\/span>approve\u00a0<\/span><\/span>this\u00a0<\/span>agreement.<\/span><\/span><\/span> <\/span><\/span><\/span>Although\u00a0<\/span><\/span>the\u00a0<\/span>board\u00a0<\/span><\/span>was\u00a0<\/span>supposed\u00a0<\/span>to\u00a0<\/span><\/span>approve\u00a0<\/span><\/span>the\u00a0<\/span>process\u00a0<\/span><\/span>in\u00a0<\/span><\/span>December,\u00a0<\/span><\/span>it\u00a0<\/span><\/span>appears\u00a0<\/span>that\u00a0<\/span><\/span>January\u00a0<\/span>11\u00a0<\/span><\/span>has\u00a0<\/span>been\u00a0<\/span><\/span>set\u00a0<\/span><\/span>aside\u00a0<\/span><\/span>for\u00a0<\/span><\/span>it.<\/span><\/span><\/span> <\/span><\/span><\/span>This\u00a0<\/span>is\u00a0<\/span><\/span>a\u00a0<\/span>significant\u00a0<\/span>development\u00a0<\/span><\/span>for\u00a0<\/span><\/span>Pakistan’s\u00a0<\/span>economy\u00a0<\/span><\/span>because\u00a0<\/span><\/span>the\u00a0<\/span>next\u00a0<\/span><\/span>tranche’s\u00a0<\/span><\/span>disbursement\u00a0<\/span><\/span>may\u00a0<\/span>offer\u00a0<\/span><\/span>much-needed\u00a0<\/span><\/span>financial\u00a0<\/span>support.<\/span><\/span><\/span> <\/span><\/span><\/span>The\u00a0<\/span>future\u00a0<\/span>course\u00a0<\/span><\/span>of\u00a0<\/span>Pakistan<\/a>\u00a0<\/span><\/span>and\u00a0<\/span><\/span>the\u00a0<\/span>IMF’s\u00a0<\/span><\/span>continuing\u00a0<\/span><\/span>economic\u00a0<\/span>cooperation\u00a0<\/span><\/span>will\u00a0<\/span>be\u00a0<\/span><\/span>determined\u00a0<\/span>by\u00a0<\/span><\/span>the\u00a0<\/span>results\u00a0<\/span><\/span>of\u00a0<\/span><\/span>the\u00a0<\/span>next\u00a0<\/span>meeting.<\/span><\/span><\/span> <\/span><\/span><\/span>In\u00a0<\/span><\/span>a\u00a0<\/span>separate\u00a0<\/span>statement,\u00a0<\/span><\/span>the\u00a0<\/span>IMF\u00a0<\/span><\/span>stated\u00a0<\/span>that\u00a0<\/span><\/span>“significant\u00a0<\/span><\/span>progress\u00a0<\/span><\/span>has\u00a0<\/span>been\u00a0<\/span><\/span>made\u00a0<\/span><\/span>over\u00a0<\/span>the\u00a0<\/span><\/span>FY23\u00a0<\/span><\/span>budget,\u00a0<\/span><\/span>and\u00a0<\/span><\/span>discussions\u00a0<\/span><\/span>between\u00a0<\/span>the\u00a0<\/span><\/span>IMF\u00a0<\/span>staff\u00a0<\/span><\/span>and\u00a0<\/span><\/span>the\u00a0<\/span>authorities\u00a0<\/span><\/span>on\u00a0<\/span><\/span>policies\u00a0<\/span><\/span>to\u00a0<\/span>strengthen\u00a0<\/span><\/span>macroeconomic\u00a0<\/span>stability\u00a0<\/span><\/span>in\u00a0<\/span><\/span>the\u00a0<\/span>coming\u00a0<\/span>year\u00a0<\/span><\/span>continue.”<\/span><\/span><\/span><\/span><\/span><\/span>The\u00a0<\/span>IMF\u00a0<\/span><\/span>also\u00a0<\/span>updated\u00a0<\/span><\/span>its\u00a0<\/span><\/span>data\u00a0<\/span>and\u00a0<\/span><\/span>projections\u00a0<\/span><\/span>for\u00a0<\/span><\/span>Pakistan’s\u00a0<\/span>economy,\u00a0<\/span><\/span>which\u00a0<\/span><\/span>showed\u00a0<\/span><\/span>a\u00a0<\/span>difficult\u00a0<\/span><\/span>future\u00a0<\/span><\/span>for\u00a0<\/span><\/span>the\u00a0<\/span>nation\u00a0<\/span><\/span>in\u00a0<\/span><\/span>2024.<\/span><\/span><\/span> <\/span><\/span><\/span>The\u00a0<\/span>real\u00a0<\/span>GDP\u00a0<\/span><\/span>is\u00a0<\/span>expected\u00a0<\/span><\/span>to\u00a0<\/span>contract\u00a0<\/span><\/span>by\u00a0<\/span><\/span>0.5%\u00a0<\/span><\/span>this\u00a0<\/span>year,\u00a0<\/span><\/span>according\u00a0<\/span><\/span>to\u00a0<\/span>the\u00a0<\/span><\/span>IMF’s\u00a0<\/span><\/span>most\u00a0<\/span>recent\u00a0<\/span><\/span>estimates,\u00a0<\/span><\/span>suggesting\u00a0<\/span><\/span>possible\u00a0<\/span><\/span>economic\u00a0<\/span>challenges.<\/span><\/span><\/span> <\/span><\/span><\/span>Concurrently,\u00a0<\/span><\/span>a\u00a0<\/span>notable\u00a0<\/span>rise\u00a0<\/span><\/span>is\u00a0<\/span>predicted\u00a0<\/span><\/span>for\u00a0<\/span><\/span>the\u00a0<\/span>Consumer\u00a0<\/span>Price\u00a0<\/span>Index\u00a0<\/span><\/span>in\u00a0<\/span><\/span>2024.<\/span><\/span><\/span> <\/span><\/span><\/span>This\u00a0<\/span><\/span>points\u00a0<\/span>to\u00a0<\/span><\/span>a\u00a0<\/span>significant\u00a0<\/span>increase\u00a0<\/span><\/span>in\u00a0<\/span><\/span>inflation,\u00a0<\/span><\/span>creating\u00a0<\/span><\/span>more\u00a0<\/span>difficulties\u00a0<\/span><\/span>for\u00a0<\/span><\/span>the\u00a0<\/span>stability\u00a0<\/span><\/span>of\u00a0<\/span><\/span>the\u00a0<\/span>national\u00a0<\/span>economy.<\/span><\/span><\/span> <\/span><\/span><\/span>Even\u00a0<\/span>though\u00a0<\/span><\/span>the\u00a0<\/span>State\u00a0<\/span><\/span>Bank’s\u00a0<\/span><\/span>reserves\u00a0<\/span><\/span>unexpectedly\u00a0<\/span><\/span>increased\u00a0<\/span>by\u00a0<\/span><\/span>USD\u00a0<\/span><\/span>853\u00a0<\/span><\/span>million\u00a0<\/span><\/span>in\u00a0<\/span><\/span>the\u00a0<\/span>week\u00a0<\/span><\/span>ending\u00a0<\/span><\/span>December\u00a0<\/span>22,\u00a0<\/span><\/span>2023,\u00a0<\/span><\/span>Pakistan\u00a0<\/span><\/span>is\u00a0<\/span><\/span>eager\u00a0<\/span><\/span>to\u00a0<\/span>get\u00a0<\/span>the\u00a0<\/span><\/span>second\u00a0<\/span><\/span>tranche,\u00a0<\/span><\/span>which\u00a0<\/span><\/span>will\u00a0<\/span>demonstrate\u00a0<\/span><\/span>that\u00a0<\/span><\/span>Islamabad\u00a0<\/span><\/span>has\u00a0<\/span>complied\u00a0<\/span><\/span>with\u00a0<\/span>the\u00a0<\/span><\/span>IMF’s\u00a0<\/span><\/span>demands\u00a0<\/span><\/span>for\u00a0<\/span><\/span>economic\u00a0<\/span>recovery.<\/span><\/span><\/span><\/span><\/span><\/span>The\u00a0<\/span>Ministry\u00a0<\/span><\/span>of\u00a0<\/span><\/span>Finance\u00a0<\/span><\/span>recently\u00a0<\/span><\/span>declared\u00a0<\/span><\/span>that\u00a0<\/span>it\u00a0<\/span><\/span>had\u00a0<\/span><\/span>successfully\u00a0<\/span><\/span>exceeded\u00a0<\/span><\/span>the\u00a0<\/span>IMF’s\u00a0<\/span><\/span>target\u00a0<\/span><\/span>of\u00a0<\/span><\/span>collecting\u00a0<\/span><\/span>Rs\u00a0<\/span><\/span>4.425\u00a0<\/span><\/span>trillion\u00a0<\/span><\/span>in\u00a0<\/span><\/span>revenue\u00a0<\/span><\/span>between\u00a0<\/span><\/span>July\u00a0<\/span>and\u00a0<\/span>December\u00a0<\/span><\/span>by\u00a0<\/span><\/span>Rs\u00a0<\/span><\/span>43\u00a0<\/span><\/span>billion.<\/span><\/span><\/span> <\/span><\/span><\/span>Pakistan\u00a0<\/span><\/span>is\u00a0<\/span><\/span>more\u00a0<\/span>likely\u00a0<\/span><\/span>to\u00a0<\/span>get\u00a0<\/span>the\u00a0<\/span><\/span>remaining\u00a0<\/span><\/span>USD\u00a0<\/span>3\u00a0<\/span>billion\u00a0<\/span><\/span>SBA\u00a0<\/span><\/span>funding\u00a0<\/span><\/span>in\u00a0<\/span>March\u00a0<\/span><\/span>after\u00a0<\/span><\/span>obtaining\u00a0<\/span><\/span>the\u00a0<\/span>second\u00a0<\/span>tranche\u00a0<\/span><\/span>of\u00a0<\/span><\/span>USD\u00a0<\/span>700\u00a0<\/span>million\u00a0<\/span><\/span>this\u00a0<\/span>month.<\/span><\/span><\/span> <\/span><\/span><\/span>But,\u00a0<\/span><\/span>the\u00a0<\/span>country\u00a0<\/span><\/span>has\u00a0<\/span>already\u00a0<\/span>been\u00a0<\/span>informed\u00a0<\/span><\/span>by\u00a0<\/span><\/span>acting\u00a0<\/span><\/span>Finance\u00a0<\/span>Minister\u00a0<\/span><\/span><\/a>Shamshad\u00a0<\/span><\/span>Akhtar\u00a0<\/span><\/span>that\u00a0<\/span>in\u00a0<\/span><\/span>order\u00a0<\/span><\/span>to\u00a0<\/span>boost\u00a0<\/span><\/span>the\u00a0<\/span>economy,\u00a0<\/span><\/span>a\u00a0<\/span>new\u00a0<\/span>deal\u00a0<\/span><\/span>with\u00a0<\/span><\/span>the\u00a0<\/span>IMF\u00a0<\/span><\/span>must\u00a0<\/span>be\u00a0<\/span><\/span>signed.<\/span><\/span><\/span><\/span><\/span><\/span>Pakistan\u00a0<\/span><\/span>will\u00a0<\/span>never\u00a0<\/span>be\u00a0<\/span><\/span>able\u00a0<\/span><\/span>to\u00a0<\/span>bid\u00a0<\/span><\/span>the\u00a0<\/span>lending\u00a0<\/span><\/span>agency\u00a0<\/span><\/span>farewell.<\/span><\/span><\/span> <\/span><\/span><\/span>Pakistan\u00a0<\/span><\/span>continues\u00a0<\/span><\/span>to\u00a0<\/span>experience\u00a0<\/span><\/span>extremely\u00a0<\/span>high\u00a0<\/span>inflation\u00a0<\/span><\/span>despite\u00a0<\/span><\/span>difficult\u00a0<\/span>circumstances;\u00a0<\/span><\/span>in\u00a0<\/span><\/span>December,\u00a0<\/span><\/span>it\u00a0<\/span>was\u00a0<\/span><\/span>29.7%,\u00a0<\/span><\/span>up\u00a0<\/span>from\u00a0<\/span><\/span>29.2%\u00a0<\/span><\/span>in\u00a0<\/span><\/span>November.<\/span><\/span><\/span> <\/span><\/span><\/span>According\u00a0<\/span>to\u00a0<\/span><\/span>the\u00a0<\/span>most\u00a0<\/span><\/span>recent\u00a0<\/span>data,\u00a0<\/span><\/span>Pakistan\u00a0<\/span><\/span>has\u00a0<\/span>participated\u00a0<\/span><\/span>in\u00a0<\/span><\/span>24\u00a0<\/span><\/span>agreements\u00a0<\/span><\/span>with\u00a0<\/span><\/span>the\u00a0<\/span>IMF\u00a0<\/span><\/span>since\u00a0<\/span><\/span>joining\u00a0<\/span><\/span>on\u00a0<\/span><\/span>July\u00a0<\/span>11,\u00a0<\/span><\/span>1950.<\/span><\/span><\/span> <\/span><\/span><\/span>Dawn\u00a0<\/span><\/span>claims\u00a0<\/span><\/span>that\u00a0<\/span>this\u00a0<\/span><\/span>demonstrates\u00a0<\/span><\/span>the\u00a0<\/span>nation’s\u00a0<\/span><\/span>historical\u00a0<\/span><\/span>reliance\u00a0<\/span><\/span>on\u00a0<\/span><\/span>IMF\u00a0<\/span>assistance\u00a0<\/span><\/span>to\u00a0<\/span>handle\u00a0<\/span><\/span>economic\u00a0<\/span>difficulties.<\/span><\/span><\/span><\/span><\/span><\/span>Pakistan\u00a0<\/span><\/span>has\u00a0<\/span>entered\u00a0<\/span><\/span>into\u00a0<\/span><\/span>23\u00a0<\/span><\/span>agreements\u00a0<\/span><\/span>with\u00a0<\/span><\/span>the\u00a0<\/span>IMF\u00a0<\/span><\/span>in\u00a0<\/span><\/span>the\u00a0<\/span>last\u00a0<\/span>few\u00a0<\/span>decades\u00a0<\/span><\/span>as\u00a0<\/span><\/span>a\u00a0<\/span>result\u00a0<\/span><\/span>of\u00a0<\/span>its\u00a0<\/span><\/span>ongoing\u00a0<\/span><\/span>balance-of-payments\u00a0<\/span><\/span>issues,\u00a0<\/span><\/span>which\u00a0<\/span><\/span>are\u00a0<\/span>primarily\u00a0<\/span>caused\u00a0<\/span><\/span>by\u00a0<\/span><\/span>a\u00a0<\/span>growing\u00a0<\/span><\/span>trade\u00a0<\/span>deficit.<\/span><\/span><\/span> <\/span><\/span><\/span>When\u00a0<\/span><\/span>the\u00a0<\/span>nation\u00a0<\/span><\/span>encountered\u00a0<\/span><\/span>yet\u00a0<\/span>another\u00a0<\/span><\/span>balance-of-payments\u00a0<\/span><\/span>crisis\u00a0<\/span><\/span>in\u00a0<\/span><\/span>2019,\u00a0<\/span><\/span>the\u00a0<\/span>current\u00a0<\/span><\/span>programme\u00a0<\/span><\/span>with\u00a0<\/span><\/span>the\u00a0<\/span>lender\u00a0<\/span><\/span>was\u00a0<\/span>agreed\u00a0<\/span><\/span>upon.<\/span><\/span><\/span> <\/span><\/span><\/span>Since\u00a0<\/span><\/span>then,\u00a0<\/span><\/span>Pakistan\u00a0<\/span><\/span>has\u00a0<\/span>received\u00a0<\/span><\/span>payments\u00a0<\/span><\/span>from\u00a0<\/span><\/span>the\u00a0<\/span>IMF\u00a0<\/span><\/span>totaling\u00a0<\/span><\/span>approximately\u00a0<\/span><\/span>$4\u00a0<\/span>billion,\u00a0<\/span><\/span>leaving\u00a0<\/span><\/span>a\u00a0<\/span><\/span>$2.6\u00a0<\/span>billion\u00a0<\/span><\/span>balance.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

\"Pakistan
Pakistan Likely To Get USD 700 Million From IMF As Next Tranche Of Bailout This Month: Report<\/figcaption><\/figure>\n

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 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Islamabad, Jan 2: Low\u00a0on\u00a0funds According\u00a0to\u00a0a\u00a0media\u00a0report\u00a0on\u00a0Tuesday,\u00a0Pakistan\u00a0is\u00a0anticipated\u00a0to\u00a0receive\u00a0USD\u00a0700\u00a0million\u00a0as\u00a0the\u00a0next\u00a0installment\u00a0of\u00a0the\u00a0IMF’s\u00a0bailout\u00a0when\u00a0the\u00a0global\u00a0lender’s\u00a0Executive\u00a0Board\u00a0convenes\u00a0on\u00a0January\u00a011. According\u00a0to\u00a0the\u00a0Dawn\u00a0newspaper,\u00a0the\u00a0board\u00a0of\u00a0the\u00a0International\u00a0Monetary\u00a0Fund,\u00a0based\u00a0in\u00a0Washington,\u00a0is\u00a0scheduled\u00a0to\u00a0discuss\u00a0and\u00a0possibly\u00a0approve\u00a0the\u00a0disbursement\u00a0of\u00a0the\u00a0next\u00a0USD\u00a0700\u00a0million\u00a0tranche\u00a0for\u00a0Pakistan\u00a0under\u00a0the\u00a0current\u00a0USD\u00a03\u00a0billion\u00a0Stand-By\u00a0Arrangement\u00a0(SBA).The\u00a0IMF\u00a0Executive\u00a0Board\u00a0calendar\u00a0shows\u00a0that\u00a0meetings\u00a0will\u00a0take\u00a0place\u00a0on\u00a0January\u00a08,\u00a010,\u00a0and\u00a011,\u00a0with\u00a0a\u00a0discussion\u00a0of\u00a0Pakistan’s\u00a0case\u00a0on\u00a0the\u00a0final\u00a0day. The\u00a0USD\u00a03\u00a0billion\u00a0current\u00a0IMF\u00a0programme\u00a0is\u00a0scheduled\u00a0to\u00a0end\u00a0in\u00a0the\u00a0second\u00a0week\u00a0of\u00a0April,\u00a0with\u00a0about\u00a0USD\u00a01.8\u00a0billion\u00a0still\u00a0to\u00a0be\u00a0disbursed. In\u00a0July,\u00a0the\u00a0first\u00a0installment\u00a0of\u00a0USD\u00a01.2\u00a0billion\u00a0was\u00a0made\u00a0available. Regarding\u00a0the\u00a0first\u00a0review\u00a0under\u00a0Pakistan’s\u00a0SBA,\u00a0a\u00a0Staff-Level\u00a0Agreement\u00a0was\u00a0reached\u00a0in\u00a0November\u00a02023\u00a0between\u00a0IMF\u00a0staff\u00a0and\u00a0Pakistani\u00a0authorities.The\u00a0Executive\u00a0Board\u00a0of\u00a0the\u00a0IMF\u00a0must\u00a0approve\u00a0this\u00a0agreement. Although\u00a0the\u00a0board\u00a0was\u00a0supposed\u00a0to\u00a0approve\u00a0the\u00a0process\u00a0in\u00a0December,\u00a0it\u00a0appears\u00a0that\u00a0January\u00a011\u00a0has\u00a0been\u00a0set\u00a0aside\u00a0for\u00a0it. This\u00a0is\u00a0a\u00a0significant\u00a0development\u00a0for\u00a0Pakistan’s\u00a0economy\u00a0because\u00a0the\u00a0next\u00a0tranche’s\u00a0disbursement\u00a0may\u00a0offer\u00a0much-needed\u00a0financial\u00a0support. The\u00a0future\u00a0course\u00a0of\u00a0Pakistan\u00a0and\u00a0the\u00a0IMF’s\u00a0continuing\u00a0economic\u00a0cooperation\u00a0will\u00a0be\u00a0determined\u00a0by\u00a0the\u00a0results\u00a0of\u00a0the\u00a0next\u00a0meeting. In\u00a0a\u00a0separate\u00a0statement,\u00a0the\u00a0IMF\u00a0stated\u00a0that\u00a0“significant\u00a0progress\u00a0has\u00a0been\u00a0made\u00a0over\u00a0the\u00a0FY23\u00a0budget,\u00a0and\u00a0discussions\u00a0between\u00a0the\u00a0IMF\u00a0staff\u00a0and\u00a0the\u00a0authorities\u00a0on\u00a0policies\u00a0to\u00a0strengthen\u00a0macroeconomic\u00a0stability\u00a0in\u00a0the\u00a0coming\u00a0year\u00a0continue.”The\u00a0IMF\u00a0also\u00a0updated\u00a0its\u00a0data\u00a0and\u00a0projections\u00a0for\u00a0Pakistan’s\u00a0economy,\u00a0which\u00a0showed\u00a0a\u00a0difficult\u00a0future\u00a0for\u00a0the\u00a0nation\u00a0in\u00a02024. The\u00a0real\u00a0GDP\u00a0is\u00a0expected\u00a0to\u00a0contract\u00a0by\u00a00.5%\u00a0this\u00a0year,\u00a0according\u00a0to\u00a0the\u00a0IMF’s\u00a0most\u00a0recent\u00a0estimates,\u00a0suggesting\u00a0possible\u00a0economic\u00a0challenges. Concurrently,\u00a0a\u00a0notable\u00a0rise\u00a0is\u00a0predicted\u00a0for\u00a0the\u00a0Consumer\u00a0Price\u00a0Index\u00a0in\u00a02024. This\u00a0points\u00a0to\u00a0a\u00a0significant\u00a0increase\u00a0in\u00a0inflation,\u00a0creating\u00a0more\u00a0difficulties\u00a0for\u00a0the\u00a0stability\u00a0of\u00a0the\u00a0national\u00a0economy. Even\u00a0though\u00a0the\u00a0State\u00a0Bank’s\u00a0reserves\u00a0unexpectedly\u00a0increased\u00a0by\u00a0USD\u00a0853\u00a0million\u00a0in\u00a0the\u00a0week\u00a0ending\u00a0December\u00a022,\u00a02023,\u00a0Pakistan\u00a0is\u00a0eager\u00a0to\u00a0get\u00a0the\u00a0second\u00a0tranche,\u00a0which\u00a0will\u00a0demonstrate\u00a0that\u00a0Islamabad\u00a0has\u00a0complied\u00a0with\u00a0the\u00a0IMF’s\u00a0demands\u00a0for\u00a0economic\u00a0recovery.The\u00a0Ministry\u00a0of\u00a0Finance\u00a0recently\u00a0declared\u00a0that\u00a0it\u00a0had\u00a0successfully\u00a0exceeded\u00a0the\u00a0IMF’s\u00a0target\u00a0of\u00a0collecting\u00a0Rs\u00a04.425\u00a0trillion\u00a0in\u00a0revenue\u00a0between\u00a0July\u00a0and\u00a0December\u00a0by\u00a0Rs\u00a043\u00a0billion. Pakistan\u00a0is\u00a0more\u00a0likely\u00a0to\u00a0get\u00a0the\u00a0remaining\u00a0USD\u00a03\u00a0billion\u00a0SBA\u00a0funding\u00a0in\u00a0March\u00a0after\u00a0obtaining\u00a0the\u00a0second\u00a0tranche\u00a0of\u00a0USD\u00a0700\u00a0million\u00a0this\u00a0month. But,\u00a0the\u00a0country\u00a0has\u00a0already\u00a0been\u00a0informed\u00a0by\u00a0acting\u00a0Finance\u00a0Minister\u00a0Shamshad\u00a0Akhtar\u00a0that\u00a0in\u00a0order\u00a0to\u00a0boost\u00a0the\u00a0economy,\u00a0a\u00a0new\u00a0deal\u00a0with\u00a0the\u00a0IMF\u00a0must\u00a0be\u00a0signed.Pakistan\u00a0will\u00a0never\u00a0be\u00a0able\u00a0to\u00a0bid\u00a0the\u00a0lending\u00a0agency\u00a0farewell. Pakistan\u00a0continues\u00a0to\u00a0experience\u00a0extremely\u00a0high\u00a0inflation\u00a0despite\u00a0difficult\u00a0circumstances;\u00a0in\u00a0December,\u00a0it\u00a0was\u00a029.7%,\u00a0up\u00a0from\u00a029.2%\u00a0in\u00a0November. According\u00a0to\u00a0the\u00a0most\u00a0recent\u00a0data,\u00a0Pakistan\u00a0has\u00a0participated\u00a0in\u00a024\u00a0agreements\u00a0with\u00a0the\u00a0IMF\u00a0since\u00a0joining\u00a0on\u00a0July\u00a011,\u00a01950. Dawn\u00a0claims\u00a0that\u00a0this\u00a0demonstrates\u00a0the\u00a0nation’s\u00a0historical\u00a0reliance\u00a0on\u00a0IMF\u00a0assistance\u00a0to\u00a0handle\u00a0economic\u00a0difficulties.Pakistan\u00a0has\u00a0entered\u00a0into\u00a023\u00a0agreements\u00a0with\u00a0the\u00a0IMF\u00a0in\u00a0the\u00a0last\u00a0few\u00a0decades\u00a0as\u00a0a\u00a0result\u00a0of\u00a0its\u00a0ongoing\u00a0balance-of-payments\u00a0issues,\u00a0which\u00a0are\u00a0primarily\u00a0caused\u00a0by\u00a0a\u00a0growing\u00a0trade\u00a0deficit. When\u00a0the\u00a0nation\u00a0encountered\u00a0yet\u00a0another\u00a0balance-of-payments\u00a0crisis\u00a0in\u00a02019,\u00a0the\u00a0current\u00a0programme\u00a0with\u00a0the\u00a0lender\u00a0was\u00a0agreed\u00a0upon. Since\u00a0then,\u00a0Pakistan\u00a0has\u00a0received\u00a0payments\u00a0from\u00a0the\u00a0IMF\u00a0totaling\u00a0approximately\u00a0$4\u00a0billion,\u00a0leaving\u00a0a\u00a0$2.6\u00a0billion\u00a0balance.      <\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[67,22,89,54],"tags":[],"class_list":["post-8187","post","type-post","status-publish","format-standard","hentry","category-header","category-international","category-national","category-political"],"gutentor_comment":0,"yoast_head":"\nPakistan Likely To Get USD 700 Million From IMF As Next Tranche<\/title>\n<meta name=\"description\" content=\"Low\u00a0on\u00a0funds 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