PM Imran Khan calls meeting to discuss IMF deal

PM Imran Khan calls meeting to discuss IMF deal

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According to media reports,  Prime Minister Imran Khan on Monday summoned a high-level meeting to discuss the country’s $6 billion loan agreement with the International Monetary Fund, which was finalised yesterday following months of negotiations between the two sides.

The meeting will be briefed by the Prime Minister’s Adviser on Finance Abdul Hafeez Sheikh about the bailout package agreement.

The minister and the members of the National Assembly have been asked to ensure their presence in the meeting.

A session of the National Assembly is also set to convene later today, where the opposition parties are expected to oppose the bailout agreement and voice their concern over rising inflation and slowing growth.

According to Abdul Hafeez Sheikh, the country is set to receive $6 billion from the IMF in addition to $2 to $3 billion from the World Bank and Asian Development Bank over the next three years.

“We have a $12 billion gap in our annual payments and we don´t have the capacity to pay them,” Sheik said in a televised address as he announced the new agreement with the fund.

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